Page 20 - Policy Economic Report - August 2025

POLICY AND ECONOMIC REPORT
OIL & GAS MARKET

India’s external position

India’s forex reserves

• India's forex reserves surged by $1.48 billion to $695.10 billion for the week ending August 15,
according to the data released by Reserve Bank of India.

• For the week ending on August 15, foreign currency assets, a major component of the reserves,
increased $1.92 billion to $585.90 billion.

• Gold reserves were down by $2.16 billion to stand at $86.16 billion during the week.

• India’s special drawing rights (SDRs) with the International Monetary Fund (IMF) rose by $41
million to $18.782 billion.

• As per the data, India's reserve position with the IMF was up by $15 million at $4.75 billion in the
reporting week.

India’s foreign trade position
• India’s total exports (Merchandise and Services combined) for July 2025 is estimated at US$ 68.27

Billion, registering a growth of 4.52 percent vis-à-vis July 2024.

• Total imports (Merchandise and Services combined) for July 2025 is estimated at US$ 79.99
Billion, registering a growth of 6.07 percent vis-à-vis July 2024.

Table 1: Trade during July 2025

July 2025 July 2024
(USD Billion) (USD Billion)

Merchandise Exports 37.24 34.71

Imports 64.59 59.48

Services Exports 31.03 30.60

Imports 15.40 15.94

Total Trade Exports 68.27 65.31
79.99 75.41
(Merchandise + Services)

Imports

Trade Balance -11.72 -10.10
Source- Ministry of Commerce & Industry

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