India moves toward prosperity with record exports

New Delhi

India is making strong progress in its journey toward economic growth, said Union Commerce and Industry Minister Piyush Goyal on Monday. He noted that record export numbers and new free trade agreements (FTAs) are helping India chart a fresh path to prosperity.

Goyal shared on social media that the country’s strong digital systems have improved processes, making them faster and more transparent. He also said that India is building modern infrastructure to support business growth and attract more investment.

Steps like reducing red tape, helping small businesses, and making it easier to do business have made India’s trade environment more competitive. As a result, investor confidence has grown.

In May 2025, India’s combined exports of goods and services reached $71.12 billion. This is a 2.77% rise compared to May last year, despite global trade tensions and higher US tariffs.

India’s exports to countries like the US, China, Australia, Russia, and Germany have all shown strong growth. The Commerce Ministry reported increases of up to 48% in these markets.

Goyal also highlighted the role of Vanijya Bhawan, a modern office complex supporting India’s trade. He praised all staff members for helping achieve major goals over the past three years.

He urged everyone to keep working hard to reach the goal of a developed India by 2047.

Foreign direct investment (FDI) now comes from 112 countries, up from 89 in 2013–14. India now allows 100% FDI through the automatic route in most sectors, showing trust from global investors and a stable policy environment.