India's Export Milestone

India has reached a historic milestone in the fiscal year 2024-25, with total exports of goods and services hitting a record $825 billion. This achievement underscores the country's growing influence in the global market, despite facing challenging trade conditions.

Service Exports Lead the Way

The services sector was a key driver of this growth, with exports soaring to $387.5 billion, marking a 13.6% increase from the previous year. Notable sectors contributing to this surge include telecommunications, computer and information services, transport, travel, and financial services.

Challenges and Opportunities Ahead

While celebrating this achievement, industry leaders like SC Ralhan, president of the Federation of Indian Export Organisations (FIEO), highlight the need for government support to sustain growth. Concerns over high interest rates and the anticipation of trade agreements with the US and Europe pose potential challenges to future export performance.