In a surprising twist amid global economic uncertainty, India has achieved a new export benchmark, crossing USD 820 billion during the financial year 2024-25. This amount represents an estimated 6% increase from the last fiscal year, as per data presented by the commerce ministry on Wednesday.
This significant growth in outward trade comes in spite of a gamut of global challenges—ranging from the continued geopolitical turmoil in areas like the Middle East and Europe to high tariff barriers from major trading partners like the United States. The export performance was one of the major issues discussed at a meeting headed by Commerce and Industry Minister Piyush Goyal, where he interacted with members of export promotion councils and other industry bodies.
To assist Indian exporters in coping with a rising global trade complexity, the government reaffirmed its resolve to give consistent policy and logistical backing. Mid-April release of elaborate trade statistics by the commerce ministry is on the cards, which will provide further insight into the dynamics that have powered this astonishing growth in exports.
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