External Sector: Playing the Long Game

  • Global Export Share: Between 2005 and 2024, merchandise export share doubled to 1.8%; commercial services share more than doubled to 4.3%.
  • Trade Diversification: UNCTAD 2025 ranks India 3rd in the Global South for trade partner diversification, scoring higher than all Global North economies.
  • Export Records: FY25 total exports hit a record $825.3B (+6.1% YoY); non-petroleum exports reached a historic $374.3B.
  • Services Dominance: Services exports reached an all-time high of $387.6B in FY25, growing 13.6% YoY.
  • External Stability: Q2 FY26 current account deficit (CAD) stood at ~1.3% of GDP; India remains the top remittance recipient at $135.4B (FY25), driven by skilled ....
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