India’s overall exports cross USD 820 billion mark in FY 2024-25, despite global headwinds; FIEO Chief urges for strategic support to sustain the momentum
India’s overall exports grew by a healthy 5.5% in FY 2024-25, reaching
USD 820.93 billion, reflecting the resilience of the export sector amid
rising global geopolitical tensions and trade disruptions.
FIEO President, Mr S C Ralhan, welcomed the growth, highlighting the
strong performance of the services sector, which played a key role in
offsetting the modest growth in merchandise exports.
Merchandise exports for FY 2024-25 rose slightly by 0.08% to USD 437.42
billion, while imports increased by 6.62% to USD 720.24 billion,
resulting in a trade deficit of USD 282.82 billion. In March 2025 alone,
exports grew 0.7% year-on-year to USD 41.97 billion,
with imports rising 11.3% to USD 63.51 billion - leading to a monthly
trade deficit of USD 21.54 billion.
Mr Ralhan called for strategic support to sustain export momentum, including:
(1) Enhancing export competitiveness.
(2) Diversifying products and markets.
(3) Addressing logistics and infrastructure gaps.
(4) Easing regulatory burdens and improving access to affordable credit.
He reaffirmed FIEO’s commitment to working closely with the government and industry to ensure sustained growth in the face of global challenges.
