Indian Exporters Show Strength Despite Global Challenges, Says Finance Minister

Finance Minister Nirmala Sitharaman praised Indian exporters for their strong performance, even as global trade faces many problems. Speaking at the India Exim Bank Trade Conclave, she said India’s export growth of 6.3% is higher than the global average of 4%, showing the strength and adaptability of Indian businesses.

She noted that Indian exporters have managed to grow despite ongoing global issues like the Russia-Ukraine war and the Israel-Gaza conflict, which have hurt trade around the world. “Every year, there has been one major crisis affecting trade, but Indian exporters are doing well,” Sitharaman said. The Finance Minister said India’s exporters are not only growing steadily but also shifting from basic goods to advanced, high-quality products. Exports now include more technology-based items in areas like pharmaceuticals, IT services, and automobiles. “India is not just exporting raw products anymore—it is exporting well-engineered goods that meet global standards,” she added.

Sitharaman also highlighted that Indian companies are expanding to new markets instead of depending only on traditional trading partners. This move has helped reduce risks and opened up more opportunities.

She shared that in 2024–25, India’s total exports hit a record USD 825 billion—a big jump from USD 466 billion in 2013–14. She stressed that the export growth is especially impressive given the difficult international situation.

The Finance Minister also called for more support to small and medium-sized businesses trying to enter export markets. “Helping these small exporters can make a big difference,” she said.

Overall, Sitharaman’s message was clear: Indian exporters have shown great strength, creativity, and courage, proving they can succeed even when the global trade environment is tough.