International Reserves in India
India - International Reserves
On 1 February, the government unveiled an expansionary interim budget for fiscal year 2019, which will run from April 2019 to March 2020, that was later passed by parliament on 13 February. The budget is considered as interim because the government that emerges from general elections in April and May could make modifications to it upon assuming power, while its fiscal sustainability has been brought into question despite the largely healthy macroeconomic backdrop. In January, economic activity in the private sector increased at a strong pace due to a stellar showing from manufacturing businesses; on the other hand, activity among service businesses grew at a slower pace than in December. Meanwhile, in October–December, the economy likely grew at a robust pace. This was partly thanks to lower oil prices, which should have supported consumption growth, although lending constraints in the financial sector could have hampered household spending. In other news, a terrorist attack in Kashmir on 14 February severely hit India-Pakistan relations.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 | 7.51 | -0.04 % | Mar 11 |
| Exchange Rate | 69.85 | -0.09 % | Mar 11 |
| Stock Market | 37,054 | -0.08 % | Mar 11 |
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Economic News
India: Exports increase slowly in February, while imports decrease
March 15, 2019
Merchandise export growth in annual terms decelerated to 2.4% in February from 3.7% in January.
India: Consumer price inflation accelerates in February but remains low
March 14, 2019
In February, consumer prices rose 0.22% compared to the previous month, which contrasts the revised 0.36% decrease in January (previously reported: -0.29% month-on-month).
India: Industrial production growth slows in January
March 12, 2019
Annual industrial production growth decelerated to 1.7% in January from a revised 2.4% in December (previously reported: +1.7% year-on-year).
India: The private sector expands at a faster pace in February
March 5, 2019
The composite Purchasing Managers’ Index (PMI) produced by Nikkei and IHS Market improved to 53.8 in February from 53.6 in January, rising further above the 50-point threshold that separates expansion from contraction in the private sector. The services PMI increased to 52.5 in February from 52.2 in January on the back of a faster increase in new business orders.
India: Economic growth slows in the third quarter of FY 2018
February 28, 2019
In the third quarter of fiscal year 2018—which ran from October to December—GDP grew 6.6% compared to the same quarter a year earlier.
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