India's overall exports, both merchandise and services, saw a year-on-year growth of 2.65% at $73.61 billion in March 2025, as per the data made public by the Ministry of Commerce and Industry on Wednesday.
Total imports during the month are placed at $77.23 billion, up 4.90%.
Important items responsible for the increase in merchandise exports during the fiscal year 2024-25 (April-March) are coffee, tobacco, electronic items, rice, jute goods (including floor coverings), meat, dairy and poultry products, tea, carpets, plastics and linoleum, ready-made garments (RMG) of all textiles, drugs and pharmaceuticals, cereal preparations, processed items, mica, coal, and other ores and minerals, including processed minerals, engineering goods, and fruits and vegetables.
The total exports for FY2024-25, including merchandise and services together, are forecasted to increase by 5.50%, totaling $820.93 billion, from the previous year's total of $778.13 billion in FY2023-24.
The exports of electronic goods have shown a remarkable growth, which increased by 32.47%, from $29.12 billion in FY2023-24 to $38.58 billion in FY2024-25. Coffee exports also increased considerably, by 40.37%, from $1.29 billion in FY2023-24 to $1.81 billion in FY2024-25. Tea exports increased by 11.84%, from $0.83 billion in FY2023-24 to $0.92 billion in FY2024-25.
Tobacco exports increased by 36.53%, reaching $1.98 billion in FY2024-25 from $1.45 billion in FY2023-24, and rice exports increased by 19.73%, reaching $12.47 billion in FY2024-25, up from $10.42 billion in FY2023-24.
Non-oil exports during FY2024-25 are worth $374.08 billion, an increase of 6.0% over $352.92 billion in FY2023-24.
Other industries also experienced positive growth, with exports of meat, dairy, and poultry products increasing by 12.57%, from $4.53 billion in FY2023-24 to $5.1 billion in FY2024-25. Textile exports grew by 10.03%, from $14.53 billion in FY2023-24 to $15.99 billion in FY2024-25. The drugs and pharmaceuticals industry increased by 9.39%, from $27.85 billion in FY2023-24 to $30.47 billion in FY2024-25. Fruit and vegetable exports increased by 5.67%, from $3.66 billion in FY2023-24 to $3.87 billion in FY2024-25.
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