India’s is gaining Exports high of $824.9 Billion in FY24-25.

According to Pib.gov, As per the latest data by RBI, India’s Total Exports have rised by 6.01% YOY climbing from $778.1B in FY23-24 to a record $824.9billion(₹68.89 lakh crore) in FY24-25.

🔹 Services exports have been the key driver(These refer to intangible products like IT & IT Services, BPO Services, Tourism, Consulting services etc.), hitting an all-time high of $387.5 billion(₹32.36 lakh crore), up 13.6% YoY.

🔹 In March 2025 alone, services exports stood at $35.6 billion, reflecting a strong 18.6% growth over the same period last year.

🔹 Non-petroleum merchandise exports(These are tangible, physical goods exported by India, but excluding petroleum and petroleum products like pharmaceutical, Textile, Garments, Electronics and Agri products) also reached a new peak of $374.1 billion, growing 6.0% from FY 2023–24.

Some of the Government Initiatives to Strengthen the Indian Export:-

1. FTP 2023: New Foreign Trade Policy emphasizes ease of doing business, export incentives, and new industries including high-tech products and e-commerce. created a one-time amnesty program to assist exporters in obtaining authorizations that are still waiting.

2. Interest Equalization Scheme (IES): With a ₹12,788 crore budget, it was extended till August 31, 2024, and offers export credit at reduced interest rates.

3. RoDTEP & RoSCTL Schemes: These programs reimburse exporters for taxes and duties, which helps industries including steel, chemicals, and medicines.

4. Districts as Export Hubs: identifies products with high potential in each district and establishes connections to markets and infrastructure.

5. Market Access Initiative (MAI) & Trade Infrastructure for Export Scheme (TIES): Encourage marketing and infrastructure development to boost exports.

6. E-Commerce Export Hub (ECEH): Aims to boost e-commerce exports to $100 billion by 2030, connecting SMEs and artisans to global markets.

7. Compliance & Decriminalization Reforms: Over 42,000 compliances reduced and 3,800 provisions decriminalized to simplify business processes.

India's export sector has witnessed remarkable expansion, fueled by strategic policy initiatives, enhanced infrastructure, and a stronger manufacturing ecosystem.

Image Source:-Pib.gov