India’s Exports Hit Record $825 Billion in FY 2024–25

New Delhi : India’s total exports surged to a historic high of $824.9 billion in the financial year 2024–25, according to the latest data released by the Reserve Bank of India (RBI). This figure includes updated services trade data for March 2025, and marks a 6.01 percent increase over the previous year’s total exports of $778.1 billion.

The record-breaking performance was primarily led by the services sector, which saw remarkable growth during the fiscal year. Services exports soared 13.6 percent year-on-year, reaching an all-time high of $387.5 billion. In March 2025 alone, services exports witnessed a strong 18.6 percent year-on-year rise, totaling $35.6 billion, highlighting the sector’s sustained momentum and global competitiveness.

On the merchandise side, India exported goods worth $437.4 billion during FY 2024–25. Within this segment, non-petroleum exports stood out, hitting a record $374.08 billion, reflecting a 6 percent growth compared to the previous year. This performance signals resilience in India’s industrial and manufacturing base, particularly in sectors like engineering goods, electronics, pharmaceuticals, and textiles.

The RBI’s updated export figures have exceeded the earlier provisional estimate of $820.93 billion announced by the Ministry of Commerce and Industry. The revision upwards is attributed mainly to a stronger-than-expected performance in services trade, which includes software, IT-enabled services, financial services, and consulting.

India’s growing export strength underlines its expanding footprint in global trade and services markets. This growth also aligns with the government’s vision to transform India into a major global supply chain hub. Key policy initiatives such as Production-Linked Incentive (PLI) schemes, trade facilitation agreements, and efforts to improve ease of doing business have played a crucial role in enhancing India’s export competitiveness.

The sustained growth in services exports further emphasizes India’s position as a global leader in the knowledge economy, supported by a robust digital infrastructure and skilled talent base.