Summary:

India’s merchandise exports are projected to reach ₹10.81 lakh crore (US$124.8 billion) in Q4 FY25, showing a 3.64% YoY increase. Non-oil exports are expected to rise 11.34%, while non-oil, non-jewellery exports may grow by 10.1%. For FY25, total exports are estimated at ₹38.69 lakh crore (US$446.5 billion), a 2.2% increase, despite ongoing risks like geopolitical tensions and trade policy uncertainties.

India's exports fell to ₹37.53 lakh crore (US$433.09 billion) in FY24, below FY23's peak of ₹38.45 lakh crore (US$443.72 billion). However, projections show recovery, fueled by strong manufacturing and agricultural performance. In December 2024, the trade deficit narrowed to ₹1.90 lakh crore (US$21.94 billion), driven by higher exports, particularly electronics and engineering goods.

Source: IBEF 

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