Blitz Bureau
NEW DELHI: India’s cumulative exports of both merchandise and services registered a 6.24 per cent increase during April-February 2024-25 to $750.53 billion, compared to $706.43 billion in the same period of the previous year. According to data released by the Ministry of Commerce and Industry on March 17, the cumulative value of merchandise exports during April-February 2024-25 was $395.63 billion, as compared to $395.38 billion during the same period of the previous year, registering a growth of 0.06 per cent, reported IANS.
The estimated value of service exports during April-February of the current financial year is $354.90 billion, up from $311.05 billion in the same period of 2023-24, it said. The country’s total exports of both merchandise and services during February this year was estimated at $71.95 billion, registering a positive growth of 3.16 per cent vis-a-vis the same month last year. Major drivers of merchandise exports growth in February 2025 include electronic goods, rice, mica, minerals, ready apparel, and coffee.
The cumulative non-petroleum exports during this 11-month period were valued at $337.01 billion registering an increase of 6.43 per cent from $316.64 billion in same period during 2023-24. Electronic goods exports increased by 26.46 per cent from $3 billion in February 2024 to $3.79 billion in February 2025.
