India’s goods and services exports surged past $820 billion in FY 2024–25.
India’s total goods and services exports crossed the $820 billion mark in the financial year 2024–25, registering a growth of nearly 6 percent over the previous year, according to the commerce ministry. The previous fiscal had recorded exports worth $778 billion.
The announcement came during a meeting led by Commerce and Industry Minister Piyush Goyal with export promotion councils and industry representatives. The session aimed to address current global trade challenges and inform exporters of the government’s ongoing efforts to support them amid rising uncertainties.
The ministry acknowledged that merchandise exports totaled $395.63 billion from April to February 2024–25, compared to $395.38 billion in the same period last year. Service exports also saw robust performance, estimated at $354.90 billion during the same time frame, up from $311.05 billion a year earlier.
Despite facing multiple global headwinds, including the Red Sea crisis, ongoing Russia-Ukraine conflict, tensions in the Gulf region, and weak growth in key developed markets, Indian exporters managed to drive growth.
Industry bodies presented their concerns and sought proactive support from the government to sustain momentum in a turbulent trade environment. The detailed trade data for FY 2024–25 is expected to be released on April 15.
Source: Deccan Herald
