India's Exports Climb 16.66% to $568.84 Billion in April-October

India shipped goods and services worth US$ 568.84 billion in the April-October stretch of FY 2026-27, which is 16.66% above the US$ 487.59 billion of the matching seven months a year earlier. A backgrounder issued on 14 November 2026 traced the gain to export promotion measures, a widening set of trade partnerships and better logistics, and recorded that every single month of the financial year so far has shown year-on-year growth.

Goods outpace services

Merchandise shipments were the faster half of the story, rising 21.96% across the seven months, while services exports added 10.93%. For the April-September half year the combined figure touched a record US$ 479.0 billion, split between merchandise at US$ 259.71 billion, up 18.4%, and services at US$ 219.27 billion, up 10.2%. October carried the momentum further with US$ 89.99 billion of exports, a leap of 29.90%, as merchandise surged 45.06% to US$ 49.47 billion and services came in at US$ 40.51 billion. Stripping petroleum out, exports still rose 18.01% to US$ 259.22 billion. Services alone made up about 45.7% of the total basket and, between 2015 and 2025, grew at a compound annual rate of 10.3% against a world figure of 6.6%, lifting India's share of global services exports from 3.1% to 4.3%.

Five record years behind the run

Exports have set a fresh high in each financial year since FY 2021-22, closing FY 2025-26 at US$ 863.1 billion and completing five successive record years. Seven of the ten biggest merchandise categories and eight of the ten biggest destination markets grew in double digits.

Leading gains

The economy around the trade numbers

Real GDP grew 7.8% in April-June of the year, and the Reserve Bank of India, OECD, IMF and World Bank all place the full year in a 7-7.1% band. Joblessness among people aged 15 and above eased to 5.1% in July-September from 5.4% in the preceding quarter. Foreign exchange reserves stood at US$ 719.55 billion on 6 November 2026, while net foreign direct investment inflows improved to US$ 8.8 billion in April-September 2026 from US$ 7.4 billion. On the policy side, the Export Promotion Mission cleared in November 2025 carries an outlay of Rs 25,060 crore up to FY 2030-31, and 372 special economic zones stood notified as of July 2026.