India’s exports reach record $820.93 Billion in FY25

New Delhi

India’s total exports, including goods and services, hit a historic high of $820.93 billion in the financial year ending March 31, 2025. This marks a 5.5% rise from $773 billion in the previous year, as announced by Commerce Secretary Sunil Barthwal, despite global market challenges.

Merchandise exports stood at $437.4 billion, with non-petroleum exports seeing a 6% year-on-year increase, reaching $374.08 billion.

However, the trade deficit widened to $21.54 billion in March, up from $14.05 billion in February. While exports for the month grew slightly by 0.7% to $41.97 billion, imports surged by 11.3% to $63.51 billion. Compared to February, exports rose 13.75%, and imports increased by 24.6%.

These numbers come amid global trade tensions caused by rising US tariffs. India and the US are currently in talks for a bilateral trade deal. Official sources said the first phase is expected to be concluded within the 90-day period of tariff relief offered by the Donald Trump administration.

Terms of the agreement are already finalised, and ongoing discussions are being held via video conferencing. Physical visits between officials in New Delhi and Washington are also possible, if needed.

Authorities are also being cautious to prevent other countries from misusing India as a trade route to bypass US tariffs. The CBIC has been instructed to monitor such activities strictly.

Commerce Minister Piyush Goyal stated last week that “very good negotiations” were ongoing, and that India remains a strong partner for future trade collaboration with the US.