According to the Ministry of Commerce, total exports grew 6.01 per cent year-on-year, rising from USD 778.1 billion in FY 2023–24, driven primarily by robust growth in services and non-petroleum merchandise exports.
The overall surge in India’s exports was supported by a 13.6 per cent rise in services exports, which reached a record USD 387.5 billion, and a 6 per cent increase in non-petroleum merchandise exports, which hit an all-time high of USD 374.1 billion.
Union Finance Minister Nirmala Sitharaman acknowledged the resilience of Indian exporters in this challenging environment, stating, “Indian exporters are swimming against the current and succeeding.”
However, aluminium shipments did not share in this momentum, contracting notably as the sector grappled with a complex global environment.
