Total Indian exports expected to cross $800 bn in FY25: Minister Goyal

Such exports stood at $778 billion in the last fiscal.

The Red Sea crisis has affected shipping lines and because of that, growth of India’s exports to Europe, Africa and the Americas, got affected, he observed.

Developing and least developed countries are stressed due to the post-pandemic foreign exchange crisis, he noted.

"Imports were also high, but that is, in a way, a sign of a growing economy. It shows that there is a demand for equipment, machinery in a big way, input and intermediate products, in the country," he was quoted as saying by a news agency.

ALCHEMPro News Desk (DS)