India's total exports grow 6.01% to reach record $824.9 bln in FY25

Driven by services exports, India’s total exports touched an all-time high of $824.9 billion in FY25 and grew 6% on-year, commerce and industry ministry said Friday.

Services exports reached a “historic high” of $387.5 billion in FY25, up 13.6% from $341.1 billion in FY24.

“For March 2025, services exports stood at $35.6 billion, reflecting a year-on-year growth of 18.6% compared to $30 billion in March 2024,” the ministry said.

In 2024–25, merchandise exports excluding petroleum products rose to a record US
$374.1 billion, registering a 6% increase from $352.9 billion in FY24 — the highest ever annual non-petroleum merchandise exports.

Data released last month showed that India’s goods exports grew 0.7% on-year to $41.97 billion in March, taking the overall FY25 merchandise exports to $437.42 billion, 0.08% higher than FY24.

“The last financial year was difficult with so many things happening around the world,” said commerce secretary Sunil Barthwal had said then, adding that despite global challenges, the merchandise shipments and overall exports touched the “highest” ever figures in 2024-25.

Overall, India’s goods trade deficit in FY25 rose to $282.82 billion as against $241.14 billion in FY24.