India's Export Transformation: A Leap Towards High-Tech and Value-Added Sectors

India's merchandise export profile is witnessing a significant transformation, with sectors like electronics, engineering, pharmaceuticals, and agriculture leading the charge in FY25. These sectors now contribute over 50% of the country's total exports, marking a strategic shift towards innovation-driven segments.

Engineering and Electronics: The Pillars of Growth

Engineering goods remain at the forefront, accounting for 26.67% of total exports, with a value of $437.42 billion. Meanwhile, electronics exports have surged by an impressive 32.46%, reaching $38.58 billion, showcasing the sector's rapid growth and the impact of policy incentives.

Pharmaceuticals and Agriculture: Sustaining Global Leadership

Pharmaceutical exports grew by 9.4% to $30.47 billion, reinforcing India's role as a global supplier of affordable medicines. Agriculture exports also saw robust growth, with rice exports hitting a record $12.5 billion, underscoring India's dominance in the global rice market.

Looking Ahead: Diversification and Scale

With targeted government schemes and a growing global appetite for Indian products, India's export outlook is set for continued diversification and scale, paving the way for its ambition to become a $5 trillion economy.