International Reserves in India
India - International Reserves
The economy recovered above its pre-pandemic level in FY 2021, which ended in March this year. Turning to the first quarter of FY 2022, GDP growth is likely to speed up considerably. Growth in the industrial sector accelerated in April, suggesting it weathered the disruption to power supply caused by record-breaking temperatures well. Moreover, looser Covid-19 restrictions are boosting domestic demand, helping to push the services PMI to an over 11-year high in May. Demand will also be supported by new measures to combat rising inflation, including cuts to fuel duty, a doubling of the fertilizer subsidy, an export ban on wheat and cuts to import tariffs for some raw materials. That said, inflation remained at a near-decade high in May, which together with higher interest rates will be capping momentum.India - International Reserves Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| International Reserves (USD) | 356 | 373 | 421 | 414 | 476 |
India International Reserves Chart
Source: Reserve Bank of India and FocusEconomics calculations.
India Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 6.50 | -0.04 % | Jan 01 |
| Exchange Rate | 71.23 | -0.09 % | Jan 01 |
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Economic News
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India: Merchandise exports fall sharply in October
November 15, 2022
Merchandise exports shrank 16.6% annually in October, contrasting September’s 4.8% increase.
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India: Inflation plunges to lowest level since July in October
November 14, 2022
Inflation came in at 6.8% in October, down from September’s 7.4%.
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India: Industrial output rebounds in September
November 11, 2022
Industrial output increased 3.1% compared to the same month a year earlier in September, which contrasted August's 0.7% decrease.
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India: Composite PMI rises in October on stronger manufacturing and services sectors
November 3, 2022
The S&P Global Composite Purchasing Managers' Index (PMI) came in at 55.5 in October, up from September's 55.1.
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India: Merchandise exports rise at a faster pace in September
October 14, 2022
Merchandise exports increased 4.8% on an annual basis in September, following August’s 1.6% increase.
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