Summary:

India’s exports reached a record high of Rs. 69.11 lakh crore (US$ 825 billion) in FY25, up 6.01% from FY24. Services exports rose by 13.6% to Rs. 32.46 lakh crore (US$ 387.5 billion), driven by IT, telecom, transport, travel, and financial services. In March alone, service shipments increased 18.6% year-on-year to Rs. 2.98 lakh crore.

Despite this robust growth, analysts foresee potential hurdles. SC Ralhan of FIEO cautioned that order inflows from the United States and Europe remain uncertain, as US importers await trade agreements. He highlighted the burden of high interest rates on exporters and urged the government to implement a minimum 5% interest subsidy to help Indian exporters remain competitive in global markets.

Source: IBEF

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