Page 28 - Policy Economic Report_Feb'25

POLICY AND ECONOMIC REPORT
OIL & GAS MARKET

Top Export Destinations (Growth in Value Terms)
January 2025 vs. January 2024:

? USA: 39.02%
? Japan: 53.53%
? Bangladesh: 17.27%
? UK: 14.84%
? Nepal: 20.84%

April 2024 - January 2025 vs. April 2023 - January 2024:
? USA: 8.95%
? UAE: 6.82%
? Netherlands: 9.17%
? UK: 14.17%
? Japan: 21.12%

Top Import Sources (Growth in Value Terms)
January 2025 vs. January 2024:

? China: 17.06%
? Thailand: 136.63%
? USA: 33.46%
? Germany: 72.15%
? UK: 101.62%

April 2024 - January 2025 vs. April 2023 - January 2024:
? UAE: 35.58%
? China: 10.6%
? Russia: 7.17%
? Switzerland: 16.61%
? Thailand: 32.59%

The data highlights robust export performance, strong services growth, and rising imports from key
trading partners, reflecting India’s evolving trade dynamics.

6. India’s social protection coverage doubles to 49%
• According to the ILO World Social Protection Report 2024-26, the proportion of India’s population
covered by “at least one social protection benefit (excluding health)” doubled from 24.4% in 2021
to 48.8% in 2024.

• Speaking at the ‘Regional Dialogue on Social Justice’ in New Delhi, Gilbert Houngbo, Director-
General of the International Labour Organization (ILO) recognized this figure as a “remarkable
achievement,” crediting India’s strong partnership with the ILO and the government’s decisive
actions in expanding social protection over the past few years.

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