Why is it in the news?
The Economic Survey 2025–26 highlighted India’s strong export performance despite global economic uncertainties.
The report emphasised the role of policy support, sectoral diversification and manufacturing expansion in export growth.
Category: Economy
Important Points:
● India’s total exports (goods and services) reached USD 720.76 billion between April 2025 and January 2026.
● Exports grew by 6.15% compared to the previous year despite global economic headwinds.
● India ranks among the top five globally for export product diversity.
● Electronics emerged as the third-largest export category and the fastest growing sector.
● Smartphone exports crossed ₹1 lakh crore in the first five months of FY 2025–26.
● Defence exports reached a record ₹23,622 crore in FY 2024–25.
● Services exports reached USD 387.5 billion with a trade surplus of USD 188.8 billion.
● The Government launched the Export Promotion Mission with an outlay of ₹25,060 crore to strengthen exports.