India has achieved a historic milestone in its trade performance, with total exports reaching an all-time high of US$824.9 billion in the financial year 2024–25, according to the latest data released by the Reserve Bank of India (RBI) and published by the Ministry of Commerce & Industry. This figure represents a 6.01% increase over the US$778.1 billion exported in 2023–24, marking a significant leap in the country’s economic trajectory.
Services Sector Leads the Way
One of the standout contributors to this impressive growth is the services sector, which continues to play a pivotal role in India’s export strategy. Services exports hit a record US$387.5 billion, showing a 13.6% rise from US$341.1 billion in the previous financial year.
For March 2025 alone, India’s services exports stood at US$35.6 billion, a remarkable 18.6% year-on-year growth compared to US$30.0 billion in March 2024. These figures underscore the increasing global competitiveness and demand for Indian IT, consulting, financial, and business services. Notably, the computer and information services industry, encompassing IT, consulting, financial, and business services, accounted for approximately 68% of total service exports. This underscores India's robust standing in IT outsourcing, software development, and digital services.
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