International Reserves in India
India - International Reserves
The economy likely regained traction in Q2 FY 2019, which runs from July to September, after annual growth slowed to an over six-year low in Q1 FY 2020. This is suggested by a faster increase in private sector activity in Q2 than in Q1, according to PMI data. Moreover, consumers and businesses should have reaped the benefits of lower interest rates in Q2, as the Reserve Bank of India has slashed rates in recent months. However, despite lower rates and encouraging PMI data, consumer confidence has fallen consistently since March and dropped to a multi-year low in September, which probably hampered private consumption growth. Moving to Q3, above-average rainfall this monsoon season should support agricultural output, despite flooding in some areas. In addition, the government cut the corporate tax rate on 20 September to 22% from 30%, which should boost fixed investment.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 | 6.55 | -0.04 % | Sep 04 |
| Exchange Rate | 71.99 | -0.09 % | Sep 04 |
| Stock Market | 36,725 | -0.08 % | Sep 04 |
Sample Report
Get a sample report showing our regional, country and commodities data and analysis.
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
Economic News
India: Industrial production sinks in August
October 11, 2019
Industrial production fell 1.1% in year-on-year terms in August, contrasting July’s revised 4.6% increase (previously reported: +4.3% year-on-year). Most industrial sectors contributed to the slump in August, with output in the manufacturing sector dropping the most, followed by output in the electricity sector.
India: Reserve Bank of India further cuts rates in October to revive flagging growth
October 4, 2019
The Reserve Bank of India (RBI)’s Monetary Policy Committee (MPC) cut all monetary policy rates by 0.25 percentage points at its 1–4 October meeting, reducing the repo rate to 5.15%, the marginal standing facility to 5.40% and the reverse repurchase rate to 4.90%.
India: Private sector falls into contraction in September
October 4, 2019
The composite Purchasing Managers’ Index (PMI) produced by IHS Markit sank to 49.8 in September from 52.6 in August, marking the first time in 19 months that it landed below the 50-threshold that separates contraction from expansion in the private sector.
India: Exports and imports both decrease in August
September 13, 2019
Merchandise exports declined6.0% year-on-year in August, amounting to USD 26.1 billion, contrasting July’s 2.3% increase.
India: Consumer price inflation accelerates slightly in August
September 12, 2019
In August, consumer prices rose 0.49% compared to the previous month, down from July’s 0.91% increase.
© Copyright: 2019 | India International Reserves | Privacy Policy | Cookies Policy | Terms & Conditions | Sitemap | RSS feed ...
