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India's record exports and WTO review

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2026-07-28 13:36 UTC → 2026-07-29 22:43 UTC · added removed

In late July 2026, India’s Commerce Secretary presented the eighth WTO Trade Policy Review, emphasizing highlighting a historic export total of $863.1 billion for FY 2025‑26 and outlining reforms such as digital customs, logistics upgrades, the Production‑Linked Incentive scheme, Quality Control Orders and expanded free‑trade agreements. The review also highlighted a sharp rise in gem‑and‑jewellery shipments and projected strong growth in sectors like smartphones. A few days later, the Commerce Ministry released detailed figures confirming the record export level, splitting it 2025‑26, split into $441.8 billion of merchandise and $421.3 billion of services. The surge was attributed to deeper utilization use of FTAs free‑trade agreements, especially with the UAE, the United Kingdom and Australia, Arab Emirates, United Kingdom, Australia and, as newly reported, the ASEAN‑India pact, which together accounted for over $70 generated $38.42 billion of merchandise trade, and the UAE Comprehensive Economic Partnership Agreement, contributing $37.36 billion. Textile A recently‑signed India‑New Zealand FTA opened a $2 billion textile market, while the India‑UK deal already delivered $13.44 billion in trade. The review also noted rapid growth in textiles and apparel apparel, strong smartphone demand, and a jump in defence exports posted notable gains, driven to Rs 38,424 crore, with a target of Rs 50,000 crore by demand from the United States and other major markets. The government reiterated its 2030. Government support framework, citing schemes such as PM MITRA parks, Production‑Linked Incentives Incentives, and the RELIEF export‑facilitation initiative to sustain competitiveness and diversify market reach. were cited as pillars of competitiveness. In parallel, foreign‑direct investment reached a record $94.84 billion in FY 26, underscoring the broader economic momentum.

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  1. 2026-07-29 22:43 UTC India's record exports and WTO review
  2. 2026-07-28 13:36 UTC India's record exports and WTO review

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