India’s cumulative exports for the financial year 2024–25 (April–March) rose by 5.5% to $820.93 billion, up from $778.13 billion in the previous year, driven by strong performances in key sectors, according to data released by the Ministry of Commerce and Industry on Wednesday.
In March 2025, total exports of goods and services rose 2.65% year-on-year to $73.61 billion. Imports for the month climbed 4.9% to $77.23 billion.
Among the major contributors to merchandise export growth were electronic goods, coffee, tobacco, rice, jute products including floor coverings, meat, dairy and poultry products, tea, carpets, plastics and linoleum, readymade garments of all textiles, drugs and pharmaceuticals, cereal preparations and processed food items, mica, coal, minerals (including processed varieties), engineering goods, and fruits and vegetables.
Electronic goods exports saw a remarkable 32.47% jump, rising from $29.12 billion in FY2023-24 to $38.58 billion in FY2024-25. Coffee exports surged by 40.37%, from $1.29 billion to $1.81 billion, while tobacco exports climbed 36.53%, reaching $1.98 billion from $1.45 billion a year earlier.
Rice exports rose by 19.73% to $12.47 billion, compared to $10.42 billion in FY2023-24. Tea exports also showed positive growth, increasing by 11.84% to $0.92 billion.
Non-petroleum exports during FY2024-25 were valued at $374.08 billion, registering a 6 percent increase over $352.92 billion recorded in the previous year.
Other significant growth segments included meat, dairy, and poultry products, which rose by 12.57% to $5.1 billion; textiles, up by 10.03% to $15.99 billion; and drugs and pharmaceuticals, which recorded a 9.39% rise to $30.47 billion. Fruits and Vegetables exports saw a moderate growth of 5.67%, reaching $3.87 billion.
(With IANS inputs)
