India’s total exports reached a record $824.9 billion in the financial year 2024–25, according to the Reserve Bank of India. This represents a 6.01% increase over the previous year’s figure of $778.1 billion.
The growth was primarily driven by services exports, which rose 13.6% to $387.5 billion, also an all-time high. In March 2025, services exports alone grew 18.6% year-on-year, reaching $35.6 billion.
Merchandise exports for the year stood at $437.4 billion, with non-petroleum exports rising to $374.08 billion, marking a 6% increase from the previous year. These numbers exceed the Commerce Ministry’s earlier estimate of $820.93 billion, boosted by better-than-expected performance in the services sector.
