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