RBI Report: India's Total Exports Rise by 6.01% to USD 824.9 Billion in FY25.
Banking & Finance
In May 2025, the Reserve Bank of India (RBI), headquartered in Mumbai, Maharashtra, released the latest ‘Data on Services Trade for March 2025’. According to the report, India’s total exports of goods and services surged to an all-time high of USD 824.9 billion in Financial Year 2024-25 (FY25), surpassing the previous estimate of USD 820.93 billion (announced on April 15, 2025).
- This represents a 6.01% increase from USD 778.1 billion in FY24, primarily driven by a record rise in services exports, which touched USD 387.5 billion in FY25, despite global trade uncertainties.
- Services exports reached a record USD 387.5 billion in FY25, registering a 13.6% growth from USD 341.1 billion in FY24.
Main Point :- (i) RBI data showed services shipments rose by 18.6%, touching USD 35.6 billion in March 2025, up from USD 30 billion in March 2024.
(ii) The growth was majorly fueled by key sectors such as telecommunication, computer and information services, transport, travel, and financial services.
(iii) Non-petroleum merchandise exports also hit a new record, climbing to USD 374.1 billion in FY25, up 6% from USD 352.9 billion in FY24, marking the highest-ever annual non-petroleum merchandise export figure.
About Reserve Bank of India (RBI)
Governor: Sanjay Malhotra
Headquarter : Mumbai
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