Article

Indian manufacturing exporters are experiencing unprecedented growth in 2026, supported by government Production Linked Incentive schemes and global supply chain shifts towards 'China Plus One'. Total merchandise exports reached approximately $437 billion in FY2023-24, driven by engineering goods, pharmaceuticals, chemicals, textiles, and electronics.

Key firms include Bajaj, known for its two-wheelers exported to markets like Nigeria and Colombia; Bharat Forge, diversifying into defense and aerospace; JLR, contributing significantly to Tata Motors' revenue; and UPL, a global agrochemical player. Dixon is rapidly increasing its export focus in electronics manufacturing. These companies are aligned with India's goal of $1 trillion in merchandise exports by 2030.