234Th (t1/2 = 24.1 d), present in seawater, is a naturally occurring particle‐reactive radionuclide formed through the radioactive decay of its parent, 238U (t1/2 = 4.47 × 109 years). The 234Th:238U disequilibrium is exploited to quantify fluxes of elements moving out of the euphotic zone by attaching on to sinking particles. Under the Indian GEOTRACES programme, high‐resolution sampling in the upper 300 m depth was carried out at 11 stations in the Arabian Sea and the Indian Ocean during April–May 2014 from 17°N to 16°S along 65°E transect to estimate the 234Th‐based particulate organic carbon (POC) export flux from the upper ocean. Average 234Th fluxes integrated to 100 m depth were 2,612 and 1,968 dpm m−2 d−1 for the Arabian Sea and the Indian Ocean, respectively. The estimated POC export fluxes ranged from negligible to 9.0 mmol m−2 d−1, and the 234Th‐based POC export efficiencies were <2 to 5%. For the same season, the Arabian Sea and the Bay of Bengal showed highly contrasting carbon export trends (mean: 4.0 and 0.8 mmol C m−2 d−1, respectively). The modeled POC export fluxes from in situ and satellite‐derived primary production are higher than the 234Th‐based values for the Laws and Dunne models and are comparable for the Henson model. The modeled POC fluxes that depend on surface temperature and primary production could be further refined for the seasonal cycle in biological productivity and associated differences in trophic structure, grazing intensity, recycling efficiency, high bacterial activity, and associated dissolved organic carbon (DOC) export.