New Delhi, Jan 29 (NationPress) The Economic Survey 2025-26 lays a robust groundwork for policy reforms aimed at enhancing export growth, boosting logistics efficiency, reducing input costs, broadening market access, and solidifying India’s status in global value chains, as stated by the Federation of Indian Export Organisations (FIEO) on Thursday.

The industry association applauded the Survey for emphasizing the pivotal role of the external sector — encompassing exports, imports, and services — as fundamental to stability, growth, and international confidence.

“The Survey offers a persuasive, forward-looking, and highly credible evaluation of India’s economic resilience, highlighting the essential contributions of the external sector,” the organization declared.

In FY25, India’s total exports achieved an unprecedented $825.3 billion, reflecting a 6.1 percent increase, primarily driven by services exports worth $387.6 billion, which witnessed a growth of 13.6 percent.

FIEO noted that reaching record levels in non-petroleum exports further emphasizes the success of diversification initiatives and mitigated vulnerability to global commodity price fluctuations.

“India’s record-breaking exports, impressive service performance, favorable current account position, and substantial foreign exchange reserves clearly showcase the effectiveness of the government’s ongoing policy reforms and the increasing competitiveness of Indian exporters and service providers,” remarked S C Ralhan, President of FIEO.

The Economic Survey 2025-26 significantly reinforces India’s emergence as a reliable, resilient, and crucial global trading partner, even amidst ongoing global economic volatility, fragmentation, and uncertainty, Ralhan added.

Ralhan pointed out that the remarkable rise in India's share of global merchandise and services exports validates the government’s long-term, consistent, and strategic export vision.

“The growing prominence of non-petroleum and non-gems exports is particularly encouraging, indicating deeper manufacturing capabilities, higher value addition, and a more sophisticated export portfolio,” Ralhan noted.

FIEO also welcomed the report’s acknowledgment — based on UNCTAD analysis — that India is among the leading economies worldwide in terms of trade partner diversification.

The Survey highlighted a moderate current account deficit of approximately 1.3 percent of GDP, record remittances totaling $135.4 billion, and foreign exchange reserves exceeding $700 billion, demonstrating India’s adept management of its external sector and providing nearly 11 months of import coverage.