International Reserves in India

India International Reserves | Economic News & Forecasts

India - International Reserves

GDP plunged at the sharpest pace on record in Q2 as lockdown measures decimated economic activity. Plummeting household spending and freefalling fixed investment led the downturn amid a spike in the unemployment rate and as non-essential businesses were forced to shut. That said, government consumption accelerated, while a steeper fall in imports led the external sector to positively contribute to GDP. Turning to Q3, the economy has gained some momentum but remains depressed due to a soaring number of new Covid-19 cases. Industrial production shrank at a less severe pace in July, while the services PMI gained some traction in August, although still signaled a deterioration in the services sector. On a brighter note, the manufacturing PMI rebounded in August, suggesting an expansion in activity. In the external arena, however, the decline in merchandise exports worsened in the same month, hinting at frail foreign demand.

India - International Reserves Data

2015   2016   2017   2018   2019  
International Reserves (USD)356  373  421  414  476  

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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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