• Thursday, March 28, 2024

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As India’s Forex Reserves Rise, America Keeps Watch

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By: Admin Super

As the world’s 7th largest economy in terms of GDP, only a little way behind France and well ahead of Italy, India’s is also reckoned to be one the fastest growing nations, surpassing even China. This rapid expansion has manifested itself in a number of ways and has even led to the IMF predicting that it will continue to grow at a rate of over 7% p.a. over the next few years. Through the $400 billion barrier A very notable effect of this buoyancy has been the continuing growth of the country’s foreign exchange reserves which for a long time had been hovering…

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