(a) whether the foreign exchange reserves of India have fallen significantly in the last two years;
(b) if so, the details thereof and the reasons therefor;
(c) whether the Government has taken any measures to increase the foreign exchange reserves of the country; and
(d) if so, the details thereof?
THE MINISTER OF STATE FOR FINANCE
(SHRI PANKAJ CHAUDHARY)
(a) & (b): No Sir. India currently has the fourth largest foreign exchange reserves in the world. The foreign exchange reserves during the last three years are presented in Table 1 below.
Table 1: India’s Foreign Exchange Reserves
As at end of Financial Year Foreign Exchange Reserves
(US$ Billion)
2018-19 412.9
2019-20 477.8
2020-21 577.0
2021-22
(As on 19th November 2021) 640.4
Source: Reserve Bank of India
(c) & (d): Question does not arise.
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