India’s overall exports grew 6.01 percent on-year, touching an all-time high of $824.9 billion in 2024–25, as per the latest data released by the Reserve Bank of India on services trade.
Total exports (merchandise and services) stood at $778.1 billion in 2023-24.
Services exports reached a historic high of $387.5 billion in 2024–25, up 13.6 percent from $341.1 billion in the previous year.
For March 2025, services exports stood at $35.6 billion, reflecting a year-on-year growth of 18.6 percent compared to $30.0 billion in March 2024.
In 2024–25, merchandise exports, excluding petroleum products, rose to a record $374.1 billion, registering a 6 percent increase from $352.9 billion in 2023–24 — the highest ever annual non-petroleum merchandise exports.
However, for the entirety of 2024-25, merchandise exports were almost flat on-year at $437.42 billion, while imports rose 6 percent to $720.74 billion.