23.7.19

Of India's Forex Reserve....


The Indian economy has come a long way from the balance of payment crisis that led to economic liberalisation in 1991. Starting 1987, India’s already meagre forex reserve steadily reduced from $11.5 billion to just $5.6 billion in 1990. Three decades later, the country has a healthy forex reserve of about $400 billion — about $100 billion more than Pakistan’s GDP in 2018.

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