New Delhi, June 16 -- India's services sector emerged as the key driver behind the country's record combined exports of USD 863.1 billion in FY26, according to data released by the Ministry of Commerce and Industry.

The country's total exports of merchandise and services reached an all-time high of USD 863.1 billion in FY26, registering a compound annual growth rate (CAGR) of 5.7 per cent between FY15 and FY26.

Services exports witnessed robust growth during the period, rising from USD 158.1 billion in FY15 to USD 421.3 billion in FY26. The segment recorded a CAGR of 9.3 per cent over the 12-year period, significantly outpacing merchandise exports.

As a result, the share of services in India's total exports increased from 33.8 per cent...