India's Export Milestone in 2024-25

India's goods exports in the fiscal year 2024-25 reached an impressive $437.4 billion, slightly surpassing the previous year's figure of $437.1 billion. This growth comes amidst global economic uncertainties and the anticipation of new tariffs by the US.

March Sees a Rebound in Exports

After four months of decline, March witnessed a 0.7% increase in goods exports, totaling nearly $42 billion. However, imports surged by 11.3% to $63.5 billion, widening the trade deficit to $21.5 billion.

Services Exports Shine

Combined goods and services exports rose by 6% to $820 billion. Commerce Secretary Sunil Barthwal highlighted the resilience of India's export sector despite geopolitical tensions and global recessions.

Sector-Wise Growth Highlights

Engineering exports hit a record $116.7 billion, electronics soared by 32% to $38.4 billion, readymade garments increased by 12% to $16 billion, and pharma exports grew by 9% to $30.5 billion.

Future Strategies

Fieo chief S C Ralhan emphasized the need for strategic support to sustain export momentum and enhance competitiveness in the face of current challenges.