International Reserves in India

India International Reserves | Economic News & Forecasts

India - International Reserves

Economic growth slowed to a six-and-a-half-year low in Q2 FY 2019, which ran from July to September, as fixed investment grew at the weakest pace in nearly five years. Despite recent interest rate cuts by the Reserve Bank of India (RBI), a sharp moderation in bank lending growth weighed on fixed investment. On the other hand, private consumption and government consumption both grew at a faster pace in Q2. Turning to Q3, economic growth should modestly accelerate. Bank lending growth picked up in October for the first time in three months, suggesting recent interest rate cuts might be feeding into lending. However, consumer confidence and business confidence in the manufacturing sector both decreased in the quarter, pointing to modest private consumption and fixed investment readings. Moreover, the private-sector PMI averaged lower in the October–November period than in Q2.

India - International Reserves Data

2013   2014   2015   2016   2017  
International Reserves (USD)304  341  356  373  421  

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India International Reserves Chart


India International Reserves
Note: International reserves in months of imports.
Source: Reserve Bank of India and FocusEconomics calculations.

India Facts

Value Change Date
Bond Yield6.50-0.04 %Jan 01
Exchange Rate71.23-0.09 %Jan 01

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