International Reserves in India
India - International ReservesGDP likely recovered relatively robustly in Q3 (Q2 FY 2020) as large swaths of the economy came back online, leading to a softer contraction in the industrial and services sectors, while agricultural output should have expanded at a stronger pace. Turning to Q4 (Q3 FY 2020), economic activity should be improving: In October, the services sector PMI posted the first expansion since March, while the manufacturing PMI indicated output growth hit a 13-year high. However, shrinking employment in October and lingering targeted containment measures likely continue to weigh on household spending. In November, the government outlined the third installment of stimulus to combat the fallout from Covid-19, focusing largely on credit growth, job creation and infrastructure. Total spending on Covid-19 relief amounts to roughly 2.0% of GDP now—but will likely have a limited impact on the ongoing recovery and its fiscal position.
India - International Reserves Data
|International Reserves (USD)||356||373||421||414||476|
5 years of economic forecasts for more than 30 economic indicators.
India International Reserves Chart
Source: Reserve Bank of India and FocusEconomics calculations.
|Bond Yield||6.50||-0.04 %||Jan 01|
|Exchange Rate||71.23||-0.09 %||Jan 01|
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January 12, 2021
Industrial production fell 1.9% year-on-year in November (October: +4.2% yoy).
January 12, 2021
Consumer prices dropped 1.01% over the previous month in December, contrasting November's 0.32% rise.
January 6, 2021
The composite Purchasing Managers’ Index (PMI) produced by IHS Markit fell from 56.3 in November to 54.9 in December.
December 15, 2020
Merchandise exports sank 8.7% annually in November, on the heels of October’s 5.1% dive.
December 11, 2020
Industrial output increased 3.6% year-on-year in October (September: 0.5% yoy).