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India’s total exports grow by 6% to hit lifetime high of $824.9 billion in FY25 from $778.1 billion in FY24: RBI data
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2 min read | Updated on May 02, 2025, 20:16 IST
SUMMARY
India’s exports in 2024-25 (FY25) increased by 6.01% to reach an all-time high of $824.9 billion against $778.1 billion in FY24. In FY 15 (2024-15), India’s exports stood at $468.4 billion—resulting in a 76.11% increase when compared to FY25.
In the month of March 2025, service exports in the country stood at $35.6 billion, jumping 18.6% YoY.
India’s total exports reached a lifetime high of $824.9 billion in the financial year 2024-25 (FY25), as per the recent data released by the Reserve Bank of India on services trade for March 2025. Exports into the country stood at $778.1 billion in the previous fiscal year (FY24), marking a 6% jump this year. The achievement marks a new milestone in the country’s trade trajectory, a Ministry of Commerce & Industry statement said on Friday, April 2.
| Year | Exports (US$ Billion) |
|---|---|
| 2024-25 | 824.9 |
| 2023-24 | 778.1 |
| 2022-23 | 776.4 |
| 2021-22 | 676.5 |
| 2020-21 | 497.9 |
| 2019-20 | 526.6 |
| 2018-19 | 538.1 |
| 2017-18 | 498.6 |
| 2016-17 | 440.0 |
| 2015-16 | 416.6 |
| 2014-15 | 468.4 |
India’s services exports
The service sector in India continued to grow in FY25, with its services exports hitting an all-time high of $387.5 billion, increasing by 13.6% from $341.1 billion in FY424. In the month of March 2025, service exports in the country stood at $35.6 billion, jumping 18.6% year-on-year (YoY) from $30.0 billion in March 2024.
| Year | Services Exports (US$ Billion) |
|---|---|
| 2024-25 | 387.5 |
| 2023-24 | 341.1 |
| 2022-23 | 325.3 |
| 2021-22 | 254.5 |
| 2020-21 | 206.1 |
| 2019-20 | 213.2 |
| 2018-19 | 208.0 |
| 2017-18 | 195.1 |
| 2016-17 | 164.2 |
| 2015-16 | 154.3 |
| 2014-15 | 158.1 |
India’s merchandise exports
The non-petroleum merchandise exports in India increased by 6% in 2024-25 to a record high of $374.1 billion from $352.9 billion recorded in FY24.
| Year | Non-Petroleum Merchandise Exports (US$ Billion) |
|---|---|
| 2024-25 | 374.1 |
| 2023-24 | 352.9 |
| 2022-23 | 353.6 |
| 2021-22 | 354.5 |
| 2020-21 | 266.0 |
| 2019-20 | 272.1 |
| 2018-19 | 283.5 |
| 2017-18 | 266.1 |
| 2016-17 | 244.3 |
| 2015-16 | 231.7 |
| 2014-15 | 253.6 |
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