• Feedback
  • RSS Feed
  • Sitemap
Ommcom News
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
Odisha News, Odisha Breaking News, Odisha Latest News || Ommcom News
Home Business

India On The Path To Hit Record $800 Billion In Exports In FY25

OMMCOM NEWS by OMMCOM NEWS
February 8, 2025
in Business

New Delhi: India is on the path to achieve $800 billion in exports in the 2024-25 fiscal for the first time, according to the government, signalling a robust economy and continued growth across sectors.

According to the Union Commerce and Industry Minister, Piyush Goyal, exports have been growing and have risen significantly in the last four years.

“We will end the fiscal year with over $800 billion exports for the first time,” the minister said during the Question Hour in the Rajya Sabha.

However, certain imports like petroleum products, coking coal, pulses and edibles oils are unavoidable owing to domestic shortages and high demand. The growth in imports is a good sign for the economy as domestic consumption rises.

According to the minister, it will take some years to establish and set up production units in those sectors.

As demand for Indian products in the global market surges across categories, the country’s total exports reached about $778 billion in FY2023-24, compared to $466 billion in FY2013-14 — a whopping 67 per cent growth.

India’s share in world merchandise exports also improved from 1.66 per cent to 1.81 per cent, with the country advancing in rankings from 20th to 17th position, according to Goyal. The feat was achieved as the government implemented several initiatives to sustain and accelerate export growth.

The country has recorded a sharp increase in exports for several key product categories with the country maintaining or improving its rank among the top 10 global suppliers. The country’s strategic focus on electronics and semiconductors has yielded impressive results.

In the Union Budget 2025-26, Finance Minister Nirmala Sitharaman has announced the setting up of an Export Promotion Mission, with sectoral and ministerial targets, driven jointly by the Ministries of Commerce, MSME, and Finance.

It will facilitate easy access to export credit, cross-border factoring support, and support to MSMEs to tackle non-tariff measures in overseas markets, the Finance Minister said.

(IANS)

Tags: Indian Exports
ShareTweetSendSharePinShareSend
Previous Post

Delhi Polls: EC Trends Show BJP Crossing Half-Way Mark, AAP Leading In 20 Seats

Next Post

Delhi Polls Results: Early Trends Show Kejriwal Leading, CM Atishi, Sisodia Trailing

Related Posts

IMEC
Business

IMEC Will Transform Global Landscape, Is Pivotal To ‘Viksit Bharat 2047’ Vision: Experts

June 4, 2025
Sensex and Nifty
Business

Sensex, Nifty Open Higher Amid Positive Global Cues

June 4, 2025
Business

RBI MPC Begins, All Eyes On 3rd Rate Cut As Inflation Stays Benign

June 4, 2025
Business

Adani Ports Sets New Robust Record In Cargo Handling In May

June 3, 2025
Business

Adani Stocks Defy WSJ Report; Market Shrugs Off Allegations Amid Group’s Resilience

June 3, 2025
Business

RBI Expected To Cut Repo Rate By 100 Basis Points By 2025 End: Nomura

June 3, 2025
Next Post

Delhi Polls Results: Early Trends Show Kejriwal Leading, CM Atishi, Sisodia Trailing

Over 14.6 Cr Women Screened For Breast Cancer, More Than 9 Cr For Cervical Cancer: Nadda

As BJP Crosses Majority Mark In Delhi, Omar Takes A Veiled Dig At AAP, Congress

Khimji
  • Feedback
  • RSS Feed
  • Sitemap

© 2025 - Ommcom News. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ

© 2025 - Ommcom News. All Rights Reserved.