India merchandise exports

Verified

Before (baseline)

83USD billion

as of 2004-03-31

Now (latest)

437USD billion

as of 2024-03-31

Change

×5.3

Over time

USD billion · source-verified data points only

Context & shortfalls

Merchandise exports grew rapidly from 2004–14 on the back of global commodity boom and engineering/pharma diversification. They dipped in FY2015-16 due to global demand weakness and again in FY2020 (COVID). Services exports (IT, BPO, financial) add another ~$340B, taking total exports above $770B. The $1T goods export target by 2030 requires PLI-led manufacturing scale-up and logistics cost reduction.

Source

Ministry of Commerce & Industry / DGCI&S / FIEO

https://commerce.gov.in/trade-statistics/ ↗

Data as of 2024-03-31. Large national figures change frequently — verify at source before citing.