India’s Total Exports Hit Record $824.9 Billion in 2024–25, Growing 6.01%: RBI Report

Current Context: The Reserve Bank of India (RBI) released the report titled "India’s Total Exports Grow by 6.01% to Reach Record $824.9 Billion in 2024–25" on May 2, 2025.

Key Highlights of the Report:

• Total exports reached $824.9 billion, marking a 6.01% growth from $778.1 billion in 2023–24.
• Services exports surged to $387.5 billion, growing 13.6% year-on-year.
• Merchandise exports (excluding petroleum products) hit $374.1 billion, a 6% increase from the previous year.
• March 2025 services exports stood at $35.6 billion, reflecting an 18.6% growth compared to March 2024.
• This report underscores India's strong trade performance, driven by services exports and non-petroleum merchandise growth.

Question:

Q.1 According to the RBI report released on May 2, 2025, what was the total value of India’s exports in 2024–25?
a) $778.1 billion
b) $800.0 billion
c) $824.9 billion
d) $850.2 billion

Answer: c) The report highlighted that India’s total exports reached a record $824.9 billion in 2024–25.