5.5% reflects resilience of export sectors
Newly appointed FIEO President S C Ralhan has on 15 April welcomed the healthy 5.5% export growth in FY2024-25, highlighting the strong performance of the services sector, which played a key role in offsetting the modest growth in merchandise exports.
India’s overall exports totalled US$820.93 billion in 2024-25, reflecting the resilience of the export sector amid rising global geopolitical tensions and trade disruptions https://www.makeinindia.com/home/.
Merchandise exports for FY 2024-25 rose slightly by 0.08% to US$437.42 billion, while imports increased by 6.62% to US$720.24 billion, resulting in a trade deficit of US$ 282.82 billion https://www.commerce.gov.in/.
In March 2025 alone, exports grew 0.7% year-on-year to US$41.97 billion, with imports rising 11.3% to US$63.51 billion – leading to a monthly trade deficit of US$21.54 billion.
Ralhan has called for strategic support to sustain export momentum, including:
(1) Enhancing export competitiveness.
(2) Diversifying products and markets.
(3) Addressing logistics and infrastructure gaps.
(4) Easing regulatory burdens and improving access to affordable credit.
He also reaffirmed FIEO’s commitment to working closely with the government and industry to ensure sustained growth in the face of global challenges. Fiinews.com
