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India’s Exports Hit Record $863.11 Billion on Services Strength

An RBI update to March services data lifted the final tally.

Overview

  • The Commerce Ministry put overall goods and services exports at $863.11 billion, up 4.59% year on year after the RBI revised March services figures.
  • Services exports reached $421.32 billion, topping the $418.31 billion estimate.
  • Services grew 8.71% from $387.55 billion a year earlier, reflecting stronger demand for IT, business solutions, and professional services.
  • Merchandise exports rose 0.93% to $441.78 billion, pointing to stability in goods trade rather than rapid growth.
  • Each quarter of FY26 set a new high for total exports, showing steady momentum through the year despite global trade headwinds.