India’s Exports Reach Record $820.9 Billion in FY25

India has achieved a remarkable milestone in its trade performance, with exports surging by 5.5% to an estimated $820.9 billion in the financial year 2024-25. This growth reflects the resilience and adaptability of Indian exporters amidst global economic uncertainties.  

 

The Commerce and Industry Ministry revealed that merchandise exports contributed $437.42 billion to the total, registering a modest growth of 0.08%. Key drivers of this growth included coffee, tobacco, electronic goods, rice, jute products, meat, dairy, poultry, and tea. Notably, electronic goods exports soared by 32.47%, while rice exports increased by 19.73%.  

 

Service exports also played a significant role, showcasing India’s strength in sectors like IT, financial services, and healthcare. The cumulative non-petroleum exports for FY25 were valued at $374.08 billion, marking a 6% increase compared to the previous fiscal year.  

 

Despite the impressive export figures, India’s merchandise trade deficit widened to $282.83 billion, up from $241.14 billion in FY24. This underscores the need for continued efforts to balance trade dynamics and enhance competitiveness.  

 

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Sources: Business World, News On Air, National Portal of India.