New Delhi: India’s total exports of goods and services surged by 5.5% in the financial year 2024-25, reaching an all-time high of $820.93 billion, according to data released by the Ministry of Commerce and Industry.
The figure marks a significant rise from $778.13 billion recorded in the previous fiscal year, highlighting the resilience of the country’s export sector amid global economic uncertainties.
The Ministry’s report reveals that merchandise exports contributed $437.4 billion to the total, with non-petroleum exports showing a robust year-on-year growth of 6% to stand at $374.08 billion. Merchandise imports, meanwhile, were estimated at $720.24 billion for the same period, resulting in a merchandise trade deficit of approximately $283 billion.
Total imports for the fiscal were pegged at $915.19 billion, indicating a continued reliance on inbound trade, especially in key sectors.
In March 2025 alone, India’s trade deficit widened to $21.54 billion. Merchandise exports for the month grew slightly by 0.7% to $41.97 billion, while imports climbed more sharply—by 11.3%—to $63.51 billion.
Officials attributed the growth in exports to resilient demand for Indian goods and services across various sectors, even as global trade continued to face challenges due to geopolitical tensions and economic slowdowns in major economies.
