India has largely been an agricultural economy but has turned towards exports in recent years. Products exported from India saw a historic rise in 2023-24, reaching USD 778.21 billion. This isa whopping 67% increase from USD 446.22 billion in 2013-14. This evident export growth reflects India's role in global trade, emphasising its stronghold in merchandise and services exports.
Exports from India are vital for the economy as they provide a conducive environment for growth and employment. Here's how!
India is one of the largest textile producers in the world, second only to China. The market for Indian textiles and apparel is projected to grow at a 10% CAGR to reach USD 350 billion by 2030, with exports expected to reach US$100 billion.
Overall textile and apparel exports increased by 7% from April to October in FY 2024-25 compared to the same period in FY 2023- 24.
Key Indian textile exports include:
Key markets for textile and apparel exports include the USA, Europe and UAE.
India has grown rapidly to become a key player in the global pharmaceuticals and vaccine industry. It is the world's largest provider of generic medicines, has a 20% share in the global supply volume, and contributes to 60% of the global vaccines produced. Undoubtedly, India is referred to as the 'Pharmacy of the World'.
Key export segments in the pharmaceutical industry include OTC medicines, generics, APIs, vaccines, biosimilars and Custom Research manufacturing (CRM).
The main target destinations for pharmaceutical exports are the USA, Africa and European nations.
India has traditionally been a global leader in the spice trade for several centuries. A few popular spices that have been and continue to be exported from India include turmeric, cardamom, and black pepper.
India's rich agricultural heritage and ideal climatic conditions make it a dominant player in the spice trade. In the past few years, India has also seen significant growth in organic and processed agricultural exports, catering to the rising global demand for healthier, natural products.
Key buyers of Indian spices include the Middle East, the USA, and ASEAN countries, where these spices and agricultural goods are highly valued for their quality and authenticity.
This growth reinforces India's position as a trusted supplier in the global agri-trade market.
Did you know India is a global leader in gold exports? According to a 2024 report, India's gold exports were valued at $146 million in 2023.
Backed by rich culture and heritage and a strong global presence, India continues to shine in the gems and jewellery industry. It is also an international diamond-cutting and jewellery manufacturing hub known for its skilled craftsmanship and advanced technology.
India is pivotal in processing rough diamonds and creating exquisite jewellery pieces.
There is a consistently high demand for gold, silver, and handcrafted jewellery, with Indian artisans excelling in intricate designs and traditional techniques.
Major export destinations for Indian spices include the UAE, USA, and Hong Kong.
India's automobile industry is witnessing strong export growth due to a rising demand for two-wheelers, passenger cars, and electric vehicles. The country has also strived hard to build a solid reputation in auto parts manufacturing, supplying high-quality components to global automakers.
Skilled labour, technological advancement and competitive pricing have positioned India as a reliable hub for automotive parts.
Key export destinations of automobiles and auto parts include Latin America, Africa, and Europe, where Indian vehicles and parts are valued for their durability and cost-effectiveness.
India's processed food and beverage industry is witnessing growing global demand, driven by packaged snacks, ready-to-eat meals, and traditional beverages. The country is a leading exporter of tea, coffee, and dairy products, known for their rich flavours and quality.
Indian spices and diverse culinary offerings further boost the appeal of its processed foods worldwide.
Major export markets include the USA, UAE, and Russia, where Indian products are consumed by both the diaspora and local consumers seeking authentic flavours.
With innovation in food processing and packaging, India continues to strengthen its presence in the global food and beverage industry.
Thanks to the pharmaceutical, agricultural, and manufacturing sectors, there has been a rising demand for speciality chemicals and organic compounds. India has become the global hub for exporting industrial chemicals, dyes, and fertilisers. The country has seen rising demand for speciality chemicals and organic compounds, driven by the pharmaceutical, agriculture, and manufacturing sectors.
With strong RandD capabilities and competitive pricing, India has become a reliable supplier of high-quality chemical products. As the sector grows, it is also a key player in the global chemical supply chain.
Key export markets include China, the USA, and Europe, where Indian chemicals are widely used in various industries.
Only a few people know that India caters to the rising global demand for high-quality leather footwear, bags, belts, and accessories. This can be attributed to the skilled craftsmanship, rich tradition, and modern manufacturing facilities. India contributes to 13% of the world's total leather production and is the second-largest producer of leather footwear.
Top export destinations include Italy, Germany, and the UK, where designers and brands favour Indian leather products.
India's refined petroleum and related products exports have grown recently and are a significant source of foreign exchange. According to a 2023 report, India exported 55.8 billion worth of refined petroleum products.
Countries that import refined petroleum from India include the UAE, Singapore, and the Netherlands.
India has a rich heritage in handloom textiles and cotton yarn production. Indian handlooms have always been popular worldwide due to their skilled and intricate craftsmanship and superior-quality fabrics.
In addition to the existing demand for Indian handlooms, there is a rising demand for natural fabrics. This makes Indian handlooms durable.
| Product | Revenue |
| Silk Scarves | INR 106.06 Cr (US$13.2 million) in 2022-23 exports |
| Total linen products from handlooms | 26.6% share in 2022-23 exports |
Key export markets for Indian handlooms include the USA, Japan, and Australia, where consumers appreciate India's sustainable textiles for their authenticity and craftsmanship.
There are several reasons why several countries choose to import products from India:
What makes exporting products lucrative for Indian businesses?
Marine insurance protects businesses from financial losses when transporting goods by sea, air, road, or rail. It covers risks like damage, theft, and accidents during transit, ensuring that shipments across international borders are financially protected.
For businesses involved in global trade, the right marine insurance policy ensures smooth operations and financial security, even when unexpected disruptions occur. It gives businesses the confidence to expand into new markets without worrying about potential losses.
Today, India has established itself as a global export powerhouse, supplying a wide range of products—from spices and textiles to pharmaceuticals—at competitive prices. Its skilled workforce, rich heritage, and cost advantage make Indian products highly sought after in international markets.
With strong government support and growing trade partnerships, Indian businesses are well-positioned to expand their global reach. The steady rise in exports presents a promising opportunity for businesses to capitalise on global demand and drive long-term growth.
If you’re planning to export goods internationally, now is the perfect time to start! Tap into global markets and unlock new growth opportunities.
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