India has achieved a historic milestone in its export sector, with total goods and services exports reaching $820 billion in the financial year 2024–25. This accomplishment marks a nearly 6% increase from the previous year's figure of $778 billion, highlighting the resilience and adaptability of Indian exporters amid global challenges.
Key Highlights
Merchandise Exports: Between April and February of the 2024–25 fiscal year, merchandise exports totaled $395.63 billion, slightly surpassing the $395.38 billion achieved in the same period the previous year.
Services Exports: Services exports saw a significant rise, reaching $354.90 billion during April–February 2024–25, up from $311.05 billion in the prior fiscal period.
Global Challenges: Despite facing global economic uncertainties—including regional conflicts and weakened demand from developed nations—Indian exporters demonstrated resilience, with February marking the fourth consecutive month of negative growth in exports.
Government and Industry Collaboration: The growth is attributed to proactive government support and strategic industry collaborations, ensuring exporters navigate global challenges effectively.
This record-breaking export performance underscores India's strengthening position in the global marketplace, reflecting the combined efforts of the government, industry stakeholders, and exporters.