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GOVERNMENT OF INDIA
MINISTRYOF COMMERCE&INDUSTRY
DEPARTMENTOF COMMERCE
RAJYA SABHA
UNSTARRED QUESTION No.1633
ANSWERED ON 13/02/2026
MERCHANDISE AND SERVICE EXPORT TARGETS
1633. SHRI G. C. CHANDRASHEKHAR:
Will the Minister of COMMERCE AND INDUSTRY be pleased to state:
(a) merchandise and services export targets fixed and achieved during 2023-24 and 2024-25;
(b) sectors contributing to shortfall or growth; and
(c) policy interventions undertaken to address export slowdown?
ANSWER
THE MINISTER OF STATE IN THE MINISTRY OF COMMERCE AND INDUSTRY
(SHRI JITIN PRASADA)
(a) to (c) Merchandise and Services exports achieved during 2023-24 and 2024-25 are provided
in Table 1 & Table 2 below:
Table 1 : India's Merchandise Exports
Item 2023-24 2024-25
(USD Billion) (USD Billion)
Merchandise Exports 437.07 437.7
Of which
Engineering Goods 109.3 116.8
Petroleum Products 84.2 63.4
Electronic Goods 29.1 38.6
Drugs And Pharmaceuticals 27.9 30.5
Gems And Jewellery 32.7 29.8
Organic And Inorganic Chemicals 29.4 28.7
Rmg Of All Textiles 14.5 16.0
Rice 10.4 12.5
Cotton Yarn/Fabs./Madeups, Handloom 11.7 12.1
Products Etc.
Source: DGCIS
1Table 2: India's Services Exports
Item 2023-24 2024-25
(US$ Billion) (US$ Billion)
Services 341.1 387.6
Of which
i) Travel 33.7 34.2
ii) Transportation 29.2 33.8
iii) Insurance 3.3 3.6
iv) Software 160.3 180.6
v) Business 88.6 107.2
vi) Financial 8.1 8.5
Source: RBI.
Government has taken several initiatives and measures from time to time towards boosting
exports from the country. In this regard, the main initiatives are as under:
i. The Foreign Trade Policy effective from April 01, 2023 is designed to integrate India
more effectively into the global market, improve trade competitiveness and establish the
country as a reliable and trusted trade partner.
ii. Under the trade-policy framework, the DGFT notifies calibrated export measures (such
as Minimum Export Price and, where necessary, temporary restrictions) to balance
domestic availability and price stability.
iii. Government has approved the Scheme for Export Promotion Mission (EPM) for the
period FY 2025–26 to FY 2030–31, aimed at strengthening India’s export
competitiveness.
iv. Establishment of 65 Export Facilitation Centres (EFCs) across the country with an aim to
provide requisite mentoring and handholding support to exporters especially MSMEs in
exporting their products and services to foreign markets.
v. Assistance being provided through several schemes to promote exports, namely, Trade
Infrastructure for Export Scheme (TIES) and Market Access Initiatives (MAI) Scheme.
vi. The Rebate of State and Central Levies and Taxes (RoSCTL) Scheme to promote labour-
oriented certain items of textile sector export has been implemented since March 07,
2019.
vii. Remission of Duties and Taxes on Exported Products (RoDTEP) scheme has been
implemented since January 01, 2021. The benefit of RoDTEP scheme had also been
extended to sectors like steel, pharma and chemicals with effect from December 15, 2022
to enhance export competitiveness of these sectors.
viii. Department of Commerce facilitates the participation of its member exporters in
International Trade fairs.
2ix. A Common Digital Platform for Certificate of Origin has been launched to facilitate trade
and increase Free Trade Agreement (FTA) utilization by exporters.
x. Districts as Export Hubs initiative had been launched by identifying products with export
potential in each district, addressing bottlenecks for exporting these products and
supporting local exporters/manufacturers to generate employment in the district.
xi. The Government has launched the Trade Connect e-Platform as an information and
intermediation platform for international trade bringing together Indian Missions Abroad
and officials from Department of Commerce and other organisations to provide
comprehensive services for both new and existing exporters.
xii. Active role of Indian missions abroad towards promoting India’s trade, tourism,
technology and investment goals has been enhanced. Regular monitoring of export
performance with Commercial Missions abroad, Export Promotion Councils, Commodity
Boards/Authorities and Industry Associations is being done and corrective measures are
being taken from time to time.
xiii. Free Trade Agreements have been signed with important partner countries to open new
markets for Indian exports.
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