India's exports surge to record $820 billion in 2024-25 despite global challenges

IANS April 10, 2025 343 views

India has remarkably achieved a record $820 billion in exports for 2024-25, showcasing extraordinary resilience amid global economic challenges. Commerce Minister Piyush Goyal highlighted the exporters' tremendous efforts in navigating complex international trade scenarios. The government is actively pursuing a Bilateral Trade Agreement with the United States, which could further boost economic opportunities. These export figures demonstrate India's growing significance in the global economic landscape and its ability to adapt to dynamic international trade environments.

"We are exploring solutions which are in the best interest of the nation" - Piyush Goyal, Commerce Minister
India's exports surge to record $820 billion in 2024-25 despite global challenges
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.

Key Points

1

India achieves record $820 billion exports in 2024-25

2

Export growth continues despite global market challenges

3

Bilateral Trade Agreement talks progressing with US

4

Manufacturing potential remains strong

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.

He said the country is working in a proactive manner and exploring solutions which are in the best interest of the nation. The team working on BTA is exploring the right mix and the right balance, and he exhorted the exporters not to panic and look at the silver lining in the present scenario. He assured that the team is working with speed but not in undue haste to ensure the right outcome for the country.

Goyal said that different countries are approaching tariff imposition differently. However, as far as India is concerned, there is a potential for an increase in manufacturing and, creation of additional jobs because it can attract big players in the global supply chain as India has been able to establish itself as a trusted and reliable partner and with a predictable business-friendly destination.

Various Export Promotion Councils, representing a wide array of sectors, presented their views and outlook in light of the emerging challenges in global trade and requested the government to take proactive measures to support the export industry in these challenging times.

The meeting was attended by Export Promotion Councils, Industry bodies and officials from Commerce and line ministries.

Reader Comments

R
Rahul K.
This is fantastic news! 🇮🇳 Shows how resilient our economy is despite all the global challenges. Kudos to our exporters and the government for this achievement. Hope we can keep this momentum going!
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Priya M.
While the numbers look impressive, I wonder how much of this growth is sustainable. The article mentions multiple global crises - are we prepared if these situations worsen? Still, good to see India holding its own in tough times.
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Amit S.
The BTA with US could be a game changer! More manufacturing jobs and better trade terms would be amazing for our economy. Fingers crossed 🤞
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Sunita R.
As someone working in exports, I can tell you the Red Sea crisis has been brutal for shipping costs. This growth is hard-won and shows the dedication of our business community. Hope the government's support continues!
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Vikram J.
$820 billion is massive! But I wish the article broke it down more - which sectors contributed most to this growth? Would be interesting to see where our strengths lie.
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Neha P.
Make in India is clearly working! 🎉 This proves that global companies see us as a reliable partner. Excited to see what the next 5 years bring for our export sector.

We welcome thoughtful discussions from our readers. Please keep comments respectful and on-topic.

Tags:
India Exports Piyush Goyal Global Trade Commerce Ministry Bilateral Trade Agreement Economic Growth
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