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Facts About Indian Economy

Last updated: April, 2021
 

  • Between October 2019 and December 2020, FDI inflows in India stood at US$ 75.35 billion.
  • India's foreign exchange reserves stood at US$ 582.04 billion, as of March 12, 2021, according to data from RBI.
  • India’s overall exports from April 2020 to February 2021 were estimated at US$ 439.64 billion, (a 10.14% decrease over the same period last year). Overall imports from April 2020 to February 2021 were estimated at US$ 447.44 billion (a 20.83% decrease over the same period last year).
  • In March 2021, Union Minister for Finance and Corporate Affairs, Ms. Sitharaman stated that foreign direct investment (FDI) inflows in the Indian insurance sector stood at Rs. 26,000 crore (US$ 3.58 billion), after the FDI limit was raised from 24% to 49% in 2015.
  • According to Reserve Bank of India (RBI), India’s Outward Foreign Direct Investments (OFDIs) in equity, loan and guaranteed issue stood at ~US$ 1.85 billion in February 2021 vs. US$ 1.19 billion in January 2021.
  • Mutual funds’ asset base stood at Rs. 32.30 trillion (US$ 445.55 billion) in February 2021.
  • The combined index of eight core industries stood at 137.6 in January 2021.
  • India’s Index of Industrial Production (IIP) for January 2021 stood at 135.2, against 136.6 for December 2020.
  • Wholesale Price Index (WPI) for all commodities increased to 127.3 in February 2021 from 125.9 in January 2021.
  • Consumer Food Price Index (CFPI) – combined inflation was 3.87% in February 2021, against 1.96% in January 2021.
  • Consumer Price Index (CPI) – combined inflation was 5.03% in February 2021, against 4.06% in January 2021.

 

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