There has been a sharp rise in India's overall import bill in the first nine months of FY22, leading to a decline in import cover despite record forex reserves.
Forex reserves at the end of December 2021 were equivalent to 12.8 months of India's merchandise imports, down from a record high of 17.7 months in FY21.
The ratio is expected to decline further as Brent crude oil price averaged $74 a barrel in the first nine months of FY22.
Bu hikaye Business Standard dergisinin January 28, 2022 sayısından alınmıştır.
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Bu hikaye Business Standard dergisinin January 28, 2022 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Giriş Yap
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