The Business Bytes
THEBUSINESSBYTES BUREAU
NEW DELHI, APRIL 10, 2025
In a remarkable show of resilience, India’s total exports of goods and services soared to an all-time high of $820 billion in the financial year 2024-25, marking a nearly 6 per cent increase over the $778 billion achieved in the previous year, according to data released by the Commerce Ministry.
This was announced during a key meeting chaired by Union Commerce and Industry Minister Piyush Goyal with representatives of Export Promotion Councils and industry bodies to assess the evolving global trade landscape.
Despite facing a slew of global challenges — including the Red Sea crisis, the Israel-Hamas conflict impacting Gulf trade routes, the ongoing Russia-Ukraine war, and subdued growth in several advanced economies — India’s export sector has demonstrated strong performance and adaptability.
Minister Goyal lauded Indian exporters for their “unwavering commitment and extraordinary perseverance” that enabled the nation to achieve record exports in such a turbulent global environment. He emphasized that the government would continue to support the industry through policy stability, strategic trade partnerships, and responsive facilitation measures.
During the interaction, the minister also updated stakeholders on the ongoing dialogue with the United States regarding a comprehensive Bilateral Trade Agreement (BTA), which is expected to unlock new opportunities across multiple sectors and further accelerate India’s trade momentum.
