July 11, 2025 02:01 pm (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Aadhaar, Ration and Voter IDs must be valid for SIR: Supreme Court to Election Commission | 'Timing and not exercise is the problem': Supreme Court on Election Commission's voter list revision drive in Bihar | ED files case against 29 celebs including Vijay Deverakonda, Rana Daggubati for endorsing betting apps | Enforcement Directorate raids Karnataka Congress MLA's premises in FEMA case probe | Maharashtra MLA canteen's license cancelled after Sena lawmaker assaulted staff over poor quality food | IAF Jaguar fighter jet crashes in Rajasthan, pilot dies | Namibia is a valued partner, says PM Modi after arriving in Windhoek | Nine people killed as vehicles fell into river after bridge collapses in Gujarat's Vadodara | Alia Bhatt's former personal assistant arrested for cheating actress of Rs. 76.9 lakh | 'We will together defeat TMC in 2026': Disgruntled BJP leader Dilip Ghosh after meeting new Bengal unit chief Samik Bhattacharya
At a review meeting with exporters, Commerce Minister Piyush Goyal said India's exports grew nearly 6% from previous year. (Image credit: x.com/PiyushGoyal)

India’s goods and services exports hit record $820 billion in FY25 despite global headwinds

| @indiablooms | Apr 11, 2025, at 12:20 am

New Delhi: India’s combined goods and services exports touched a record $820 billion in the financial year 2024-25, marking an increase of nearly 6% from the $778 billion posted in the previous year, according to Commerce Ministry data.

The figures were shared during a review meeting chaired by Commerce and Industry Minister Piyush Goyal with Export Promotion Councils and industry bodies in the capital to assess the current trade landscape.

Despite economic uncertainty in global markets, Goyal praised exporters for achieving the highest-ever export figures amid persistent global challenges such as the Red Sea crisis, the ongoing Russia-Ukraine conflict, and the spillover of the Israel-Hamas war into the Gulf region.

He credited exporters for their resilience and consistent efforts in maintaining export momentum.

Goyal also informed industry representatives about ongoing negotiations with the United States on a wide-ranging Bilateral Trade Agreement (BTA).

He said the initiative was set in motion by Prime Minister Narendra Modi during his February 2025 meeting with then-President Donald Trump, making Modi one of the first global leaders to endorse the framework.

The minister assured exporters of the government’s continued efforts to maintain a favourable environment that would help them navigate the evolving global trade scenario.

He added that the country was approaching the BTA deliberations with pragmatism and patience.

“The team is working with speed but not in undue haste to ensure the right outcome for the country,” Goyal said, urging exporters to remain calm and “look at the silver lining in the present scenario.”

He observed that while tariff strategies varied across countries, India stood to benefit from shifts in global supply chains, with increased manufacturing potential and job creation.

He noted that India had established itself as a “trusted and reliable partner” and a “predictable, business-friendly destination.”

Export Promotion Councils representing various sectors shared their feedback on the global trade situation and urged the government to adopt proactive measures to help the industry tide over emerging challenges.

Officials from the Commerce Ministry, line ministries, industry bodies, and Export Promotion Councils participated in the meeting.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.
Related Videos
RBI announces repo rate cut Jun 06, 2025, at 10:51 am
FM Nirmala Sitharaman presents Budget 2025 Feb 01, 2025, at 03:45 pm
Nirmala Sitharaman on Budget 2024 Jul 23, 2024, at 09:30 pm
Close menu