India's total exports hit record US$824.9 billion in 2024–25
India's total exports of goods and services reached an all-time high of US$824.9 billion in 2024–25, up 6.01% from US$778.1 billion, the Commerce Ministry said on 2 May 2025.
Summary
India's total exports touched an all-time high of US$824.9 billion in 2024–25, growing 6.01% over the previous year's US$778.1 billion, based on the latest services trade data released by the Reserve Bank of India for March 2025. Services exports reached a historic high of US$387.5 billion, up 13.6%, while merchandise exports excluding petroleum products rose to a record US$374.1 billion.
Key facts
- Total exports 2024–25
- US$824.9 billion (record)
- Growth
- 6.01% over US$778.1 billion
- Services exports
- US$387.5 billion, up 13.6%
- Non-petroleum merchandise
- US$374.1 billion (record)
- Data
- RBI services trade data for March 2025
Practice MCQs 3 questions
What was India's record total export figure (goods and services) for 2024–25?
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Correct answer: C — US$824.9 billion
Total exports reached an all-time high of US$824.9 billion in 2024–25.
By what percentage did India's services exports grow in 2024–25, reaching US$387.5 billion?
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Correct answer: B — 13.6%
Services exports grew 13.6% to a historic high of US$387.5 billion; total exports grew 6.01%.
Consider the following statements about India's exports in 2024–25: 1. Merchandise exports excluding petroleum products reached a record US$374.1 billion. 2. The figures were based on services trade data released by NITI Aayog. Which of the statements given above is/are correct?
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Correct answer: A — 1 only
Only 1 is correct. The services trade data for March 2025 was released by the Reserve Bank of India, not NITI Aayog.