Page 21 - Policy Economic Report - April 2025

POLICY AND ECONOMIC REPORT
OIL & GAS MARKET

• Electricity - Electricity generation (weight: 19.85 per cent) increased by 6.2 per cent in March,
2025 over March, 2024. Its cumulative index increased by 5.1 per cent during April to March,
2024-25 over corresponding period of the previous year.

India’s external position
India’s forex reserves
• India’s foreign exchange reserves saw an increase of $1.567 billion reaching to $677.835 billion, in

the week ending April 11, according to the latest data from the Reserve Bank of India (RBI).

• Foreign currency assets (FCA)—the largest component of India’s forex reserves—stand at USD 574.98
billion, while gold reserves are valued at USD 79.997 billion.

• SDRs for the above-mentioned week fell by $6 million to stand at $18.356 billion.

• Reserve position in the IMF was up by $43 million to $4.502 billion.

• Thus, according to RBI, India’s forex reserves can offer an import cover of nearly 11 months and
reflecting the strength of the external sector.

India’s foreign trade position

• India’s total exports (Merchandise and Services combined) for March 2025 is estimated at US$
73.61 Billion, registering a growth of 2.65 percent vis-à-vis March 2024.

• Total imports (Merchandise and Services combined) for March 2025 is estimated at US$ 77.23
Billion, registering a growth of 4.90 percent vis-à-vis March 2024.

Table 1: Trade during March 2025

Merchandise Exports March 2025 March 2024
(USD Billion) (USD Billion)
Imports 41.97 41.69
63.51 57.03
Services Exports 31.64 30.01
13.73 16.60
Imports 73.61 71.71
77.23 73.63
Overall Trade Exports -3.63 -1.92
(Merchandise + Services) Imports

Trade Balance
Source- Ministry of Commerce & Industry

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