Page 19 - FIPI - Policy Economic Report - May 2025

POLICY AND ECONOMIC REPORT
OIL & GAS MARKET

(4.68%), Jute Mfg. Including Floor Covering (4.58%), Plastic & Linoleum (4.58%), Man-Made
Yarn/Fabs./Made-Ups Etc. (4.18%), Leather & Leather Products (3.91%), Carpet (3.32%), Drugs &
Pharmaceuticals (2.37%), Cotton Yarn/Fabs./Made-Ups, Handloom Products Etc. (1.71%) and
Ceramic Products & Glassware (0.23%) record positive growth during April 2025 over the
corresponding month of last year.

? Imports of Pulses (-23.5%), Newsprint (-14.4%), Coal, Coke & Briquettes, etc. (-12.28%), Fruits &
Vegetables (-8.97%), Vegetable Oil (-8.09%), Leather & Leather Products (-4.84%) and Transport
Equipment (-3.18%) record negative growth during April 2025 over the corresponding month of
last year.

? Services exports is estimated to grow by 17.01 percent during April 2025 over April 2024.

? Top 5 export destinations, in terms of change in value, exhibiting growth in April 2025 vis a vis
April 2024 are U S A (27.31%), U Arab Emts (33.65%), Australia (74.16%), Tanzania Rep (87.2%)
and Kenya (132.44%).

? Top 5 import sources, in terms of change in value, exhibiting growth in April 2025 vis a vis April
2024 are U Arab Emts (88.97%), China P Rp (27.08%), U S A (63.76%), Russia (17.82%) and
Ireland (425.65%).

6. India’s total exports grow by 6.01% to reach record $824.9 billion in 2024–25, up from $778.1
billion in 2023–24: RBI Report
? India’s total exports have touched an all-time high of US$ 824.9 billion in the financial year
2024–25, as per the latest data released by the Reserve Bank of India. This marks a growth of
6.01% over the previous year’s export figure of US$778.1 billion, setting a new milestone in the
country’s trade trajectory.

Figure 9: India’s total exports value (USD Billion)

Source- Ministry of Commerce & Industry Page | 18

May 2025