HYDERABAD , Apr 15 : India’s overall exports crossed the USD 820 billion mark in Financial Year 2024-25, despite global headwinds, Federation of Indian Export Organisations (FIEO) Chief S C Ralhan said on Tuesday and urged for strategic support to sustain the momentum.
Welcoming the growth, Ralhan in a statement highlighted the strong performance of the services sector, which played a key role in offsetting the modest growth in merchandise exports.
Merchandise exports for FY 2024-25 rose slightly by 0.08 percent to USD 437.42 billion, while imports increased by 6.62 percent to USD 720.24 billion, resulting in a trade deficit of USD 282.82 billion, he said in March 2025 alone, exports grew 0.7 percent year-on-year to USD 41.97 billion, with imports rising 11.3% to USD 63.51 billion – leading to a monthly trade deficit of USD 21.54 billion.
Ralhan called for strategic support to sustain export momentum, including Enhancing export competitiveness ; Diversifying products and markets; addressing logistics and infrastructure gaps and Easing regulatory burdens and improving access to affordable credit.
He reaffirmed FIEO’s commitment to working closely with the government and industry to ensure sustained growth in the face of global challenges.
(UNI)
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