India's Exports Reach Record $824.9 Billion in 2024

Suspense crime, Digital Desk : India’s total exports grew by 6.01% year-on-year and hit a new record of $824.9 billion in FY 2024–25. This notable milestone is an increase from $778.1 billion in 2023–24 and was reported by the Reserve Bank of India’s latest services trade data.

Services Sector Drives Export Growth

Exports of the services sector increased remarkably by 13.62% within one fiscal year to set a new all-time record of $387.5 billion in 2024–25, growing from $341.1 billion. The exports’ growth of services also accelerated in March 2025 compared to the previous year, growing from $30.0 billion in March 2024 to $35.6 billion, indicating an 18.6% surge year-on-year.

Non-Petroleum Merchandise Exports Hit New Peak

Merchandise exports other than petroleum products grew by 6% from the previous year to set a new record of $374.1 billion in 2024–25. The value also marks the highest ever reported for annual non-petroleum merchandise exports.

Overall, Merchandise Trade Shows Mixed Results

The overall figure is slightly down from $437.42 billion in 2024–25. For the fiscal year imports saw an increase of 6% totaling $720.74 billion. Even with growth in services and non-petroleum sectors, total merchandise exports didn’t see much change.