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Services boost exports to all-time high
Mint Hyderabad
|May 03, 2025
India's exports rose 6.01% year-on-year to an all-time high of $824.9 billion in 2024-25, propelled by a 13.6% on-year rise in services exports to a record $387.5 billion, showed the Reserve Bank of India's (RBI) final services trade data released on Friday.
March alone saw services exports surge 18.6% on-year to $35.6 billion, reflecting continued global demand for India's IT, business, financial, and travel-related services, the RBI said.
The merchandise segment also contributed to the overall rise, with non-petroleum goods exports reaching a new peak of $374.1 billion in 2024-25, up 6% from $352.9 billion a year ago.
This is the highest annual figure for India's non-petroleum merchandise shipments, offering some reassurance when traditional goods exports have been under pressure from tightening global demand and geopolitical disruptions.
Dit verhaal komt uit de May 03, 2025-editie van Mint Hyderabad.
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