India concluded 2025 with record export performance, landmark free trade agreements, and an accelerated digital trade push, according to Union Commerce and Industry Minister Piyush Goyal. Goyal highlighted Prime Minister Narendra Modi’s leadership for driving sustained progress across global trade, startups, and business reforms.
India’s overall exports reached an all-time high of USD 825.25 billion in 2024-25, representing a 6.05% rise over the previous year. Services exports were USD 387.54 billion, with substantial growth in rice, pharmaceuticals, marine products, engineering goods, and electronics. To support exporters, the government improved digital infrastructure with platforms like the Trade Connect ePlatform and the Trade Intelligence and Analytics portal, which provide real-time market access and simplified trade services.
On the global front, India signed three significant trade agreements in 2025, including ones with the United Kingdom, Oman, and New Zealand, while still negotiating with several other partners. Domestically, the startup ecosystem has surpassed two lakh recognised startups, creating over 21 lakh jobs and enhancing India’s global innovation position.
Business reforms remained important, with tens of thousands of compliances removed and project clearances accelerated. Digital commerce also grew significantly, with ONDC processing millions of orders and increasing market access for small dealers.
