India’s export sector has achieved a historic milestone, recording a total of $824.9 billion in exports for the financial year 2024–25, according to data released by the Ministry of Commerce. This includes both merchandise and services exports and marks the highest-ever export performance in India’s history, reflecting resilience in a challenging global trade environment.

Key Highlights:

• Total exports for FY 2024–25 reached $824.9 billion, comprising $437.1 billion in merchandise exports and $387.8 billion in services exports, showing strong growth across sectors.
• Despite global economic slowdown and geopolitical uncertainties, India’s diversified export portfolio helped maintain upward momentum, with key contributions from engineering goods, pharmaceuticals, electronics, and IT services.
• The government credited production-linked incentive (PLI) schemes, improved trade facilitation, and strategic free trade agreements (FTAs) with regions like UAE and Australia for driving export growth.
• Electronic goods and mobile exports saw a remarkable rise, signaling India’s growing role as a global manufacturing hub, especially under the “Make in India” initiative.
• Software services, fintech, and consulting continued to dominate the services segment, with demand from North America, Europe, and emerging Asian markets.
• Commerce and Industry Minister stated that these figures demonstrate the strength of India's export ecosystem and its increasing competitiveness in global markets.
• Experts suggest that if the current trajectory continues, India could cross the $1 trillion export mark within the next 2–3 years.