Daijiworld Media Network – New Delhi
New Delhi, May 2: India’s total exports surged to an all-time high of $824.9 billion in the financial year 2024–25, marking a 6.01% increase from $778.1 billion the previous year, according to the Reserve Bank of India (RBI).
Services exports led the growth, hitting a record $387.5 billion, up 13.6% from last year. In March 2025 alone, services exports stood at $35.6 billion, reflecting 18.6% year-on-year growth. Non-petroleum merchandise exports also hit a new peak at $374.1 billion, rising 6% from $352.9 billion in 2023–24.
These figures slightly surpass the Commerce Ministry’s earlier estimate of $820.93 billion, as RBI’s final data included updated services trade figures for March.
Meanwhile, India and the United States are moving closer to finalizing a Bilateral Trade Agreement, with the first tranche expected by Fall 2025. Following talks in New Delhi in March, a fresh round of negotiations took place in Washington D C from April 23–25, where officials discussed tariff and non-tariff issues and agreed to intensify engagements starting end of May.
Amid global uncertainty, India’s robust export growth and diplomatic outreach reflect a strategic push to enhance trade resilience and international partnerships.