AgriGuru News:- India\'s Exports Set to Cross $800 Billion Milestone in FY 2025-26
06 JAN 2025 | SOURCE AgriGuru Online
India's export sector is poised for new heights, with total exports projected to exceed $800 billion in the Financial year 2025. This marks a projected growth of nearly 3% from the previous year’s $778 billion, according to Union Minister Piyush Goyal during a recent press conference. He emphasized the nation’s growing economic resilience amid global market fluctuations.
Agricultural exports continue to be a significant driver of India’s export growth, showing robust performance across key commodities. Minister Goyal stated, “Our agricultural exports have demonstrated remarkable resilience and growth potential.” He attributed the sector's success to the following factors:
• Enhanced productivity driven by modern farming techniques.
• Strategic government initiatives supporting farmer communities.
• Growing global demand for Indian agricultural products, particularly rice, wheat, and spices.
• Implementation of sustainable farming practices meeting international standards.
Despite challenges in the global economic landscape, India has maintained a strong trade position. Minister Goyal acknowledged the ongoing stress in the international economic environment, citing forex crises and lingering effects of the COVID-19 pandemic. However, he reassured, “There is no crisis in India,” asserting that the country’s robust economic policies and trade strategies are setting new benchmarks globally.
On the diplomatic front, Minister Goyal expressed optimism about India’s engagement with the United States under the new administration. He stated, “We look forward to working with the US administration again and engaging constructively to strengthen our bilateral ties.” Additionally, he hinted at fostering relations with former US President Donald Trump, should opportunities arise, highlighting India’s intent to maintain strong international partnerships regardless of political transitions.
Dr. Rajesh Kumar, Chief Economist at the India Trade Forum, supported these projections, stating, “Given India’s strong economic fundamentals and the government’s export-friendly policies, the $800 billion target appears achievable, though it will require sustained effort in maintaining competitiveness.”
Achieving this export target would mark a significant milestone in India’s journey toward becoming a more prominent player in global trade.
