New Delhi, April 16 -- India on Tuesday reported record exports of over $821 billion in 2024-25 on the back of healthy merchandise shipments and robust services exports despite global headwinds although the government's optimism about this year's prospects depend on ambitious early harvest bilateral free trade deals with at least two the US and the European Union. The first, especially is crucial for it will help India dodge the reciprocal tariff levied by the US. President Donald Trump announced the 26% tariff on India, but then suspended all reciprocal tariffs for 90 days. The current incremental tariff on Indian goods exported to the US is 10%.

Announcing provisional trade data for the month of March and the full financial year of 202...