India has successfully expanded its export footprint by entering new global markets that were previously untapped, according to Yashvir Singh, Additional Secretary of the Department of Commerce. Speaking on Wednesday, Singh highlighted that the financial year 2025-2026 was a record-breaking period for Indian exports, driven by increased international acceptance of high-quality Indian products.
Record Export Performance in FY26
Singh noted that India's exports have seen tremendous growth over the past 12 years. He expressed confidence that the country is now able to explore new markets because of the rising global demand for Indian goods. "There are certain new markets which we are able to penetrate which we were not exporting to earlier," he said, attributing this success to the improved quality of Indian products.
The government's initiatives have played a crucial role in enhancing the trade ecosystem, particularly the export ecosystem. Singh emphasized that various ideas and policies have strengthened India's position in global trade.
Strong Start to FY27
India began the financial year 2026-2027 on a strong footing in external trade. According to Commerce Ministry data, total exports in April 2026 rose to USD 80.80 billion, up from USD 71.13 billion in April 2025. The overall trade deficit narrowed significantly to USD 7.81 billion from USD 11.16 billion in the same month last year.
Merchandise exports climbed to USD 43.56 billion in April 2026 from USD 38.28 billion a year earlier, while services exports increased to USD 37.24 billion from USD 32.85 billion. Despite higher imports, which rose to USD 88.61 billion from USD 82.29 billion, robust export growth helped reduce the trade gap.
Singh credited the government's focus on quality and trade facilitation for this achievement. "The acceptance of Indian products in the global market has increased because we are coming up with quality products," he added.
