The level of reserves is enough to cover 13 months of imports and is equivalent to nearly a fifth of the country’s gross domestic product. It’s also the fifth-largest in the world after China, Japan, Switzerland and Russia.

[afacc123]

World’s fifth-largest reserves buffer gives India some comfort

The level of reserves is enough to cover 13 months of imports and is equivalent to nearly a fifth of the country’s gross domestic product. It’s also the fifth-largest in the world after China, Japan, Switzerland and Russia.

 

India has accumulated the world’s fifth-largest foreign exchange reserves at more than $500 billion, making it a bright spot in an otherwise dismal economy.

The reserves were bolstered by a rare current-account surplus in the first quarter, a return of inflows into the local stock market and foreign direct investment, including into a unit of RelianceNSE 0.89 % Industries Ltd., India’s largest company by revenue. That allowed the central bank to mop up close to $25 billion in foreign ex ..
 

 

[karthik25]

Russia-India forex gap takkuva. We will likely cross it in a few months

[afacc123]

1 minute ago, karthik25 said:

Russia-India forex gap takkuva. We will likely cross it in a few months

what is the total sqft India is compared to what percent of land does india have compared to russia