New Delhi, March 19, 2025 — Exports of auto components and medical as well as scientific instruments have shown impressive growth over the past three years, according to official data released on Tuesday. This growth has been particularly notable despite the broader decline in merchandise exports, which shrank at the fastest pace in 20 months.
Auto parts exports surged to $7.7 billion in FY24 from $6.88 billion in FY22, driven by strong demand from the US, Turkey, Germany, Mexico, and Brazil. The growth reflects India’s strengthening position in the global automotive supply chain. An official noted that the country’s motorcycle parts and accessories segment experienced significant progress, reducing its reliance on imported components. Exports of motorcycle parts alone grew by 27.09% to $709.22 million from $558.05 million in the April-January period of FY25 compared to FY22.
The medical and scientific instruments sector also recorded substantial growth. Exports reached $2.43 billion in FY24, up from $1.73 billion in FY22, showcasing India’s increasing capability to serve the global healthcare and medical technology market. The US, Germany, France, the UAE, and Russia emerged as the leading destinations for these exports, signaling India’s deeper integration into advanced markets.
However, the robust growth in these sectors contrasts with a broader decline in merchandise exports, which contracted by 10.9% to $36.91 billion in February, marking the sharpest drop in 20 months. Analysts attribute this decline to the high base effect of previous years.
Among food products, coffee exports displayed notable growth, rising by 40.6% year-on-year to $1.54 billion during the April-February FY25 period. Italy led the coffee export market with a 19.01% share, followed closely by Germany at 12.42%.
Despite the challenging global environment, India’s success in auto parts and medical gear exports suggests a strategic shift toward reducing import dependency and capitalizing on emerging global market opportunities. The government’s policies aimed at boosting manufacturing capabilities and minimizing import reliance appear to be paying off, positioning India as a competitive player in high-value sectors.