International Reserves in India
India - International ReservesGDP plunged at the sharpest pace on record in Q2 as lockdown measures decimated economic activity. Plummeting household spending and freefalling fixed investment led the downturn amid a spike in the unemployment rate and as non-essential businesses were forced to shut. That said, government consumption accelerated, while a steeper fall in imports led the external sector to positively contribute to GDP. Turning to Q3, the economy has gained some momentum but remains depressed due to a soaring number of new Covid-19 cases. Industrial production shrank at a less severe pace in July, while the services PMI gained some traction in August, although still signaled a deterioration in the services sector. On a brighter note, the manufacturing PMI rebounded in August, suggesting an expansion in activity. In the external arena, however, the decline in merchandise exports worsened in the same month, hinting at frail foreign demand.
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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September 15, 2020
Merchandise exports shrank 13.1% year-on-year in August (July: -10.2% year-on-year).
September 3, 2020
The composite Purchasing Managers’ Index (PMI) produced by IHS Markit rose to 46.0 in August from 37.2 in July.
August 31, 2020
Economic output plummeted 23.9% year-on-year in the second quarter of CY 2020 (FY Q1 2020), contrasting the 3.1% expansion seen in the first quarter (FY Q4 2019) and marking the worst reading since current records began in 1996.
August 4, 2020
The composite Purchasing Managers’ Index (PMI) produced by IHS Markit eased marginally to 37.2 in July from 37.8 in June.
July 3, 2020
The composite Purchasing Managers’ Index (PMI) produced by IHS Markit climbed to 37.8 in June from 14.8 in May.