Analysis on Growth of Foreign Exchange Reserves in India Since 1960-61 to 2017-18
DOI:
https://doi.org/10.51983/ajms-2019.8.2.1549Keywords:
Foreign Exchange Reserves, Forex Reserves, Gold, Growth, IMF, RTP, SDRsAbstract
This paper is primarily concerned with an analysis of the growth and trends in the foreign exchange reserves of India. It is based on secondary data and the data reliable for analysis are collected from handbook of statistics on Indian economy and the website of Reserve Bank of India. The study covers the period of 58 years from 1960-1961 to 2017-18. The collected data have been used for analysis with the help of compound growth rate. The analysis of the data reveals that foreign exchange reserves have significantly changed over the years. All the indicators noticed notable growth rate during the period under review. From the overall analysis showed that India holds adequate level of foreign exchange reserves.
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