India’s Exports Reach Record $820.93 Billion Milestone

Why in the News ?

India’s total exports of goods and services grew by 5.5% in FY 2024-25, reaching a historic $820.93 billion despite global uncertainties. Merchandise exports and non-petroleum shipments showed positive trends, though trade deficit widened due to higher imports.

India’s Exports Reach Record $820.93 Billion Milestone

Export Growth Overview:

  • India’s total exports (goods & services) grew by 5% in FY 2024-25.
  • Exports touched a record $820.93 billion, compared to $778.13 billion in the previous fiscal.
  • Growth came despite global economic challenges and uncertainties.

Merchandise Trade Highlights:

  • Merchandise exports stood at $437.4 billion during April-March 2024-25.
  • Non-petroleum exports rose 6% year-on-year to reach $374.08 billion.
  • Merchandise imports were higher, reaching $720.24 billion for the same period.
  • The trade deficit for the fiscal year widened to around $283 billion.

March 2025 Specific Data:

  • In March 2025, the trade deficit increased to $21.54 billion.
  • Merchandise exports for March grew 7% to $41.97 billion.
  • Merchandise imports saw a sharp rise of 3%, reaching $63.51 billion.
  • The data reflects both export resilience and import-driven trade imbalance.