Page 23 - Policy Economic Report - April 2025

POLICY AND ECONOMIC REPORT
OIL & GAS MARKET

? Electronic Goods: 32.47%
? Meat, Dairy & Poultry Products 12.57%
? Tobacco 36.53%
? Tea 11.84%
? Fruits & Vegetables (5.67%)
Declining Import Categories:
? Fertilizers, Crude & Manufactured -2.21%
? Coal, coke & briquettes 20.03%
? Dyeing/tanning/coloring materials -13.42%
? Pearls, precious & semi-precious stones -24.41%
? Iron & Steel -4.61%

Services Sector Growth: Estimated growth in services exports (April 2024 - March 2025): 12.45 %
YoY.
Top Export Destinations (Growth in Value Terms)
April 2024 - March 2025 vs. April 2023 - March 2024:

? U S A 11.59%
? U K 12.08%
? Japan 21.12%
? U Arab Emirates 2.84 %
? France 11.42%
Top Import Sources (Growth in Value Terms)
April 2024 - March 2025 vs. April 2023 - March 2024:
? U Arab Emirates 32.06%
? China P Rp 11.52%
? Thailand 43.99%
? U S A 7.44%
? Russia 4.39%

6. India overtakes Germany to become world’s third largest generator of electricity from wind and
solar: Report

India has surpassed Germany as the world’s third-largest generator of electricity from solar and wind
power sources in 2024. Solar and wind energy generated 15 per cent of global electricity, with India just
behind at 10 per cent, according to a report by global energy think-tank Ember.

The report also added that the world reached a new milestone as all low-carbon sources such as
renewables and nuclear power provided 40.9 per cent of the world’s electricity generation in 2024,
passing the 40 per cent mark for the first time since the 1940s.

According to the report, in comparison, India generated 22 per cent of its electricity from clean sources in
2024, with hydropower as the single largest contributor at 8 per cent of the mix, while wind and solar
made up 10%. India’s wind and solar generation continue to grow rapidly, nearly doubling in the five years

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