New Delhi, April 10
India’s goods and services exports have crossed a record $820 billion in financial year 2024-25, which represents a close to 6 per cent increase over the corresponding figure of $778 billion for the previous financial year, despite the economic uncertainties in global markets, according to data compiled by the Commerce Ministry.
The figures were revealed at a meeting held by Commerce and Industry Minister (CIM) Piyush Goyal with the Export Promotion Councils and industry bodies here to discuss the emerging trade scenario.
The minister complimented the exporters for the all-time high achievement in exports in spite of multiple headwinds, including the Red Sea crisis, Israel-Hamas conflict spilling over to the Gulf region, continuation of the Russia-Ukraine conflict and slow growth in some developed economies. The Minister lauded the exporters for their resilience and efforts.
During the meeting, CIM Goyal also apprised the exporters regarding ongoing discussions with the US for a mutually beneficial multi-sectoral Bilateral Trade Agreement (BTA). The talks were kicked off by Prime Minister Narendra Modi, who was one of the first global leaders to agree on the BTA in his meeting with President Trump in February 2025.
The minister assured the exporters that the government will work to provide a conducive environment to enable them to successfully navigate the recent changes in the global trade environment.