International Reserves in India
India - International Reserves
The ruling coalition government led by Prime Minister Modi’s Bharatiya Janata Party will likely hold onto power over the next five years, according to exit polls released on 19 May. This indicates continuity in economic policy going forward, notably rising government spending with a focus on infrastructure and financial support for farmers. Against this backdrop, private-sector PMI data in April hinted at potentially quicker economic growth going forward despite easing to the lowest reading since September 2018, as businesses were optimistic that economic conditions would improve once the political dust settles. This comes after the private-sector PMI edged slightly lower, on average, in January–March compared to the prior quarter, and industrial production decreased in March for the first time in over one-and-a-half years.India - International Reserves Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| International Reserves (USD) | 304 | 341 | 356 | 373 | 421 |
India International Reserves Chart
Source: Reserve Bank of India and FocusEconomics calculations.
India Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 6.92 | -0.04 % | Jun 14 |
| Exchange Rate | 69.83 | -0.09 % | Jun 14 |
| Stock Market | 39,452 | -0.08 % | Jun 14 |
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Economic News
India: Merchandise export growth accelerates in May; India retaliates against U.S. GSP revocation
June 14, 2019
Annual merchandise export growth accelerated to 3.9% in May, up from the 0.6% growth in April.
India: Industrial production growth accelerates in April
June 12, 2019
Industrial production increased 3.4% in April in annual terms, up from March’s revised 0.4% increase (previously reported: -0.1% year-on-year) and marking the fastest pace of growth in six months.
India: Consumer price inflation remains unchanged in May
June 12, 2019
In May, consumer prices rose 0.57% compared to the previous month, matching April’s figure.
India: Reserve Bank of India chops rates in June
June 6, 2019
As expected by market analysts, the Reserve Bank of India’s Monetary Policy Committee (MPC) cut all monetary policy rates by 0.25 percentage points at its 4–5 June meeting, reducing the repo rate to 5.75%, the marginal standing facility to 6.00% and the reverse repurchase rate to 5.50%.
India: The private sector expands at a steady pace in May
June 5, 2019
The composite Purchasing Managers’ Index (PMI) produced by Nikkei and IHS Market was unchanged in May at April’s 51.7.
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