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Facts About Indian Economy

Last updated: January, 2022
 

  • As of December 24, 2021, foreign exchange reserves in India increased to US$ 635.08 billion.
  • As per the depositories data, foreign portfolio investors (FPIs) divested US$ 3.94 billion from India in December 2021.
  • In December 2021, India’s merchandise exports stood at US$ 37.29 billion (a 37% increase YoY).
  • India’s overall exports between September 2021 and November 2021 were estimated at US$ 160.93 billion (a 26.38% YoY increase). Overall imports between September 2021 and November 2021 were estimated at US$ 201.33 billion (a 58.33% YoY increase).
  • India’s merchandise exports between September 2021 and December 2021 were estimated at US$ 136.77 billion (a 32.38% YoY increase). Merchandise imports between September 2021 and December 2021 were estimated at US$ 223.97 billion (a 58.47% YoY increase).
  • Private equity (PE) and venture capital (VC) investments stood at US$ 6.8 billion in November 2021, driven by rising participation of investors in the technology sector.
  • According to the Department of Economic Affairs, India’s outward foreign direct investment (OFDI) stood at US$ 1,382.76 million in November 2021 vs. US$ 1,772.79 million in October 2021.
  • The gross GST (Goods and Services Tax) revenue collection stood at Rs. 129,780 crores (US$ 17.45 billion) in December 2021.
  • Mutual funds asset base stood at Rs. 37.34 trillion (US$ 502.2 billion) as of November 30, 2021.
  • The combined index of eight core industries stood at 131.7 in November 2021, up 3.1% from November 2020.
  • India’s Index of Industrial Production (IIP) for October 2021 stood at 133.7 against 127.9 for September 2021.
  • Wholesale Price Index (WPI) for all commodities increased to 142.9 in November 2021 from 139.1 in October 2021.
  • Consumer Food Price Index (CFPI) – Combined inflation was 1.87% in November 2021 against 0.85% in October 2021.
  • Consumer Price Index (CPI) – Combined inflation was 4.91% in November 2021 against 4.48% in October 2021.

Note: Conversion rate used for September 2021 is Rs. 1 = US$ 0.014