India's exports have reached $393.22 billion in the first half of FY 2024-25, an increase of 4.86 percent. This figure was $375 billion in the same period last year. During this period, exports of goods and services have seen a significant increase, with major sectors such as engineering goods, chemicals, plastics, and readymade garments performing well. These figures reflect India's economic strength and its increasing competitiveness in global trade.

export growth figures

India's exports grew by 4.86 percent to $393.22 billion in the first half (April to September) of the financial year 2024-25. The export figure was $375 billion in the same period of the previous financial year. This information has come to light in the data released by the Ministry of Commerce and Industry.

Performance of Goods Exports

The value of total merchandise exports in the first six months stood at $213.22 billion, as against $211.08 billion in the April-September period of FY 2022-23. Thus, merchandise exports witnessed a growth of 1.02 percent.

Export of services

During this period, exports of services grew by 9.81 percent. This growth reflects India's increasing competitiveness in various sectors of export.

Export data for September 2024

As per the government's expectations, total exports (goods and services) are expected to be $65.19 billion in September 2024, with an expected growth of 3.76 percent year-on-year. This export growth is helping to strengthen India's economic position.

Growth of major export sectors

Several key sectors performed well in India's exports in September 2024:

Engineering goods: Exports rose 10.55 percent to $9.82 billion.
Organic and inorganic chemicals: Exports rose 11.21 percent to $2.36 billion.
Plastics and linoleum: Exports rose 28.32 percent to $0.79 billion.
Medicines and pharmaceuticals: Exports rose 7.22 percent to $2.57 billion.
Readymade garments: Exports of garments also rose 17.30 percent to $1.11 billion.

Estimates of total imports

Meanwhile, total imports (goods and services) are estimated at $71.68 billion in September, registering a growth of 3.79 percent.

It is clear from these figures that India's exports are on a positive growth trend. This is not only a good sign for the economy but also reflects India's competitiveness in the global market. Government policies and trade reforms can further boost export growth.