India’s total exports rose to an all-time high of $824.9 billion in the financial year 2024–25, marking a 6.01% increase over the previous year’s figure of $778.1 billion, according to the latest data released by the Reserve Bank of India (RBI) on services trade for March 2025.
The growth was led primarily by a strong performance in the services sector, which recorded exports worth $387.5 billion in FY25 — a year-on-year increase of 13.6% over the $341.1 billion registered in 2023–24. In March 2025 alone, services exports stood at $35.6 billion, reflecting a robust 18.6% growth compared to $30.0 billion in March 2024.
The RBI said that merchandise exports, excluding petroleum products, also reached a new high of $374.1 billion during the fiscal year, up 6.0% from $352.9 billion in the preceding year. This marks the highest-ever annual figure for non-petroleum merchandise exports.