The Ministry of Commerce and Industry from India has reported that total exports for the financial year 2024-25 reached an all-time high of USD 824.9 billion, marking a growth of 6.01% compared to the previous fiscal year's export figure of USD 778.1 billion. This growth was driven primarily by services exports which set a new historic record at USD 387.5 billion, an increase of 13.6% from the period in 2023-24. Services exports for March 2025 showed a year-on-year growth rate of 18.6%. In addition to services, non-petroleum merchandise exports also reached a record level of USD 374.1 billion, up 6% from the previous year's value of USD 352.9 billion.
Key Entities Referenced
Ministry of Commerce Industry: A government department responsible for trade and commerce policies.
India: The subject country, a location where significant economic activity took place.
Total Exports: The measure of the volume and value of goods and services exported.
Reserve Bank of India (RBI): India's central banking system that issues currency, regulates monetary policy, and oversees the stability of the financial market.
2024-25: The fiscal year in which these economic performances are measured.
Services Trade: A sector within international trade including various services such as banking, transport, and tourism.
US824.9 billion / US778.1 billion: Currencies representing different dollar amounts of total exports in two consecutive fiscal years.
Services exports: A subset of the services trade sector contributing significantly to India's export growth.
US387.5 billion / US341.1 billion: Currencies representing service exports volume over two fiscal years.
March 2025: Specific date mentioned in the context of export figures and growth rates.
US374.1 billion / US352.9 billion: Currencies representing non-petroleum merchandise exports volume during the two fiscal years being compared.
Abhishek Dayal, Abhijith Narayanan: Individuals possibly associated with the release or publication of this policy document's data
Ministry of Commerce & Industry
India’s Total Exports Grow by 6.01% to Reach
Record $824.9 Billion in 2024–25, Up from $778.1
Billion in 2023–24:RBI Report
Posted On: 02 MAY 2025 3:12PM by PIB Delhi
India’s total exports have touched an all-time high of US$824.9 billion in the financial year 2024–25,
as per the latest data released by the Reserve Bank of India on services trade for March 2025. This
marks a growth of 6.01% over the previous year’s export figure of US$778.1 billion, setting a new
milestone in the country’s trade trajectory.
Services exports continued to drive the growth momentum, reaching a historic high of US$387.5
billion in 2024–25, up 13.6% from US$341.1 billion in the previous year. For March 2025, services
exports stood at US$35.6 billion, reflecting a year-on-year growth of 18.6% compared to US$30.0
billion in March 2024.In 2024–25, merchandise exports excluding petroleum products rose to a record US$374.1 billion,
registering a 6.0% increase from US$352.9 billion in 2023–24 — the highest ever annual non-
petroleum merchandise exports.
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Abhishek Dayal/Abhijith Narayanan
(Release ID: 2126119)