Total exports jump to $825 bn in FY25 as services shipments rise over 13%

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Total exports jump to $825 bn in FY25 as services shipments rise over 13% - Business Standard

Quick Summary:

India's exports of goods and services hit an all-time high of USD 825 billion in 2024-25, driven by a record surge in the shipments of services that reached USD 386.5 billion in the last fiscal despite global trade headwinds, according to the commerce ministry data.

The data showed that services exports jumped to a record high of USD 387.5 billion in 2024-25, registering a robust 13.6 per cent growth over USD 341.1 billion in 2023-24.

Following the release of March services exports data by the RBI, the country's overall exports for 2024-25 have been revised to USD 824.9 billion from the earlier estimate of USD 820.93 billion, announced on April 15.