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India’s exports hit record $825 bn in FY25, led by robust services growth

| @indiablooms | May 02, 2025, at 08:48 pm

New Delhi: India’s total exports rose 6.01 per cent year-on-year to an all-time high of $824.9 billion in 2024–25, according to the latest services trade data released by the Reserve Bank of India.

This compares with $778.1 billion recorded in 2023–24.

The growth was powered by services exports, which surged 13.6 per cent to a record $387.5 billion in 2024–25, up from $341.1 billion the previous year.

In March 2025 alone, services exports climbed to $35.6 billion — marking an 18.6 per cent increase over $30.0 billion in March 2024.

Non-petroleum merchandise exports at new high

Merchandise exports excluding petroleum products rose to a historic $374.1 billion in 2024–25, a 6 per cent increase from $352.9 billion in the previous year — the highest annual non-petroleum merchandise exports on record.

However, overall merchandise exports for the year remained largely flat at $437.42 billion.

Imports, on the other hand, grew by 6 per cent to $720.74 billion in 2024–25.

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