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Facts About Indian Economy

Last updated: October, 2021
 

  • As of August 27, 2021, foreign exchange reserves in India increased to US$ 633.5 billion.
  • As per the depositories data, foreign portfolio investors (FPIs) invested US$ 2.5 billion in India in August 2021.
  • In August 2021, India’s merchandise exports stood at US$ 33.28 billion (a 45.76% increase YoY).
  • India’s overall exports between April 2021 and August 2021 were estimated at US$ 256.17 billion (a 44.04% YoY increase). Overall imports in April 2021 and August 2021 were estimated at US$ 273.45 billion (a 64.18% YoY increase).
  • India’s merchandise exports between April 2021 and August 2021 were estimated at US$ 164.10 billion (a 67.33% YoY increase). Merchandise imports between April 2021 and August 2021 were estimated at US$ 219.63 billion (an 80.89% YoY growth.
  • Private equity (PE) and venture capital (VC) investments stood at US$ 10.7 billion in August 2021, driven by rising participation of investors in the e-commerce sector.
  • According to the Department of Economic Affairs, India’s outward foreign direct investment (OFDI) stood at US$ 1,554.91 million in August 2021 vs. US$ 2,213.48 million in July 2021.
  • The gross GST (Goods and Services Tax) revenue collection stood at Rs. 112,020 crore (US$ 15.21 billion) in August 2021.
  • Mutual funds asset base stood at Rs. 36.09 trillion (US$ 490.04 billion) in August 2021.
  • The combined index of eight core industries stood at 134.0 in July 2021.
  • India’s Index of Industrial Production (IIP) for July 2021 stood at 131.4 against 122.6 for June 2021.
  • Wholesale Price Index (WPI) for all commodities increased to 135.9 in August 2021 from 134.5 in July 2021.
  • Consumer Food Price Index (CFPI) – Combined inflation was 3.11 in August 2021 against 3.96 in July 2021.
  • Consumer Price Index (CPI) – Combined inflation was 5.30 in August 2021 against 5.59 in July 2021.

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