Page 25 - Policy Economic Report_Feb'25

POLICY AND ECONOMIC REPORT
OIL & GAS MARKET

Figure 7: India PMI

Source- S&P Global

India’s external position

India’s external position

India’s forex reserves
• India's foreign exchange reserves fell to $635.72 billion, down by $ 2.5 billion as of week ending

February 14, 2025 (Reserve Bank of India (RBI) data).
• Gold Reserves increased by $1.9 billion to $74.15 billion.
• Foreign Currency Assets (FCA) fell by $4.5 billion, settling at $539.59 billion
• Special Drawing Rights (SDRs) rose by $19 million to $17.89 billion.
• India’s IMF Reserve Position increased by $14 million, reaching $4.08 billion.

India’s foreign trade position
• Exports (Merchandise + Services) for January 2025 stood at $ 74.97 billion, registering a growth of

9.72% YoY growth compared to January 2024.
• Imports (Merchandise +Services) for January 2025 amounted to $ 77.64 billion, registering a growth

of 12.98% YoY increase over January 2024.

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