In FY25, India's total exports increased by 6.01% to a record $824.9 billion.
India's commerce and industry ministry said Friday that the country's total exports, which are primarily driven by services exports, reached an all-time high of $824.9 billion in FY25 and increased 6% year over year. In FY25, services exports hit a "historic high" of $387.5 billion, up 13.6% over FY24's $341.1 billion. "Services exports for March 2025 totaled $35.6 billion, representing an 18.6% year-over-year increase from $30 billion in March 2024," the ministry stated. Petroleum-free merchandise exports reached a record US$374.1 billion in 2024–2025, up 6% over FY24's $352.9 billion, the largest yearly non-petroleum merchandise exports ever. India's goods exports increased 0.7% year-over-year to $41.97 billion in March, according to data released last month. This brings the total FY25 merchandise exports to $437.42 billion, which is 0.08% more than FY24. Commerce Secretary Sunil Barthwal had previously stated that "the last financial ye...