Blitz Bureau
NEW DELHI: India’s total exports (merchandise and services combined) saw a 2.65 per cent annual growth at $73.61 billion in the month of March, the Ministry of Commerce and Industry data showed, reported IANS. Total imports (merchandise and services) for March 2025, it said, is estimated at $77.23 billion, registering a positive growth of 4.90 per cent.
Major drivers of merchandise exports growth in FY 2024-25 (AprilMarch) include coffee, tobacco, electronic goods, rice, meat, dairy and poultry products, tea, carpet, plastic and linoleum, drugs and pharmaceuticals, cereal preparations and miscellaneous processed items. The cumulative exports (merchandise and services) during FY2024-25 is estimated to grow by 5.50 per cent at $820.93 billion, as compared to $778.13 billion in FY2023-24 (April-March). According to the data, electronic goods exports increased by 32.47 per cent from $29.12 billion in FY 2023- 24 (April-March) to $38.58 billion in FY2024-25 (April-March).
Coffee exports increased by 40.37 per cent from $1.29 billion in FY2023-24 (April-March) to $1.81 billion in FY 2024- 25. Tea exports increased by 11.84 per cent from $0.83 billion in FY2023-24 to $0.92 billion in FY2024-25.
Tobacco exports increased by 36.53 per cent from $1.45 billion in FY2023- 24 to $1.98 billion in FY2024-25. Rice exports increased by 19.73 per cent from $10.42 billion in FY2023-24 to $12.47 billion in FY2024-25. According to the ministry data, the cumulative non-petroleum exports in FY2024-25 were valued at $374.08 billion, an increase of 6.0 per cent as compared to $352.92 billion in FY2023-24.
