India's economic land scape is witnessing a significant milestone as the nation’s foreign exchange reserves soar to unprecedented levels, reaching an all-time high of USD 648.562 billion. This remarkable achievement, as outlined in the Monthly Economic Review report by the Department of Economic Affairs under the Ministry of Finance, underscores India’s robust financial position on the global stage.
Notably, these reserves are more than adequate, covering 11 months of projected imports, providing a substantial buffer against external shocks and ensuring stability in the country’s balance of payments. Furthermore, India’s current foreign exchange reserves surpass 100 percent of total external debt, demonstrating resilience and bolstering investor confidence in the country’s economic fundamentals.
この記事は The Business Guardian の April 26, 2024 版に掲載されています。
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この記事は The Business Guardian の April 26, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、8,500 以上の雑誌や新聞にアクセスしてください。
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