Nirmala Sitharaman, India’s finance minister, praised Indian exporters’ tenacity on Tuesday for “swimming against the tide” and hitting a record-breaking $825 billion in total export revenue in spite of the global recession.
India’s overall exports hit a new high of $825 billion, up 6% from the year before and, more importantly, $466 billion from 2013–14. Global exports, meanwhile, increased by just 4%. “Indian exporters were able to accelerate and surpass 6.3%,” she stated during her speech at the Exim Bank Trade Conclave 2025 in this city.
Global commerce and growth have slowed down in recent years; the World Bank, IMF, and WTO all report that global growth has not increased. The Finance Minister noted, “Even after this, Indian exporters have shown resilience and grown despite the setbacks in global exports. It doesn’t seem like the world is in the mood to go along with exports.”
She also commended the exporters for finding new markets in a world when consumption is declining in many nations, including Europe, and for exporting high-tech, tech-infused items, which were not previously the case. Sitharaman emphasised that “our exporters have creatively rerouted and found newer markets” in spite of the European slump.
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