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India Reports Record Exports of $821 Billion Despite Global Headwinds
Hindustan Times Noida
|April 16, 2025
India on Tuesday reported record exports of $821 billion in 2024-25 on the back of healthy merchandise shipments and robust services exports despite global headwinds, although the government's optimism about this year's prospects depends on ambitious early harvest bilateral free trade deals with at least two: the US and the European Union.
NEW DELHI: The first, especially, is crucial for it will help India dodge the reciprocal tariff levied by the US. President Donald Trump announced the 26% tariff on India, but then suspended all reciprocal tariffs for 90 days. The current incremental tariff on Indian goods exported to the US is 10%.
Announcing provisional trade data for the month of March and the full FY25, Commerce Secretary Sunil Barthwal said that services data for the month of March is a "conservative" estimate, and India's actual exports in FY25 may exceed $821 billion.
This story is from the April 16, 2025 edition of Hindustan Times Noida.
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