By how many billions did India's international financial assets decline between July-September 2022?

$46.1 billion

$48.6 billion

$52.2 billion

$56.5 billion

Correct Answer : $56.5 billion

The net claims of non-residents on India increased by $34.3 billion during Q2 of FY23 and stood at $389.6 billion in September 2022, data released by Released Bank of India (RBI) on India’s International Investment Position (IIP) indicate.

* As per the data, India’s international financial assets declined by $56.5 billion during July-September 2022 with valuation losses accounting for a major part. Reserve assets remained the dominant component (62.9% share) of India’s international financial assets, the RBI said.

* The fall in India’s foreign liabilities during Q2 was attributed primarily to direct investment (net) outflows; portfolio and other investments also recorded marginal decline on a net basis, barring trade credit which increased by $5.1 billion.

* Variation in the exchange rate of rupee vis-a-vis other currencies also impacted the change in liabilities, when valued in U.S. dollar terms, the RBI said..

Source : The Hindu

Published On : January 4, 2023

Recent Updates in Indian Economy - General Knowledge Questions

Q .

What is the projected growth rate of the Indian economy for FY25 according to Deloitte?

6.5-6.8%

6.7-7.3%

7.0-7.5%

7.2-7.8%

Correct Answer : 6.5-6.8%

* Deloitte forecasts the Indian economy to grow at 6.5-6.8% in FY25, driven by strong domestic consumption, infrastructure development, and digitisation efforts.

* While challenges such as geopolitical tensions and global liquidity constraints may pose risks, India’s resilience in services, manufacturing exports, and stable capital markets provides a solid foundation for sustained economic growth.

Published On : December 31, 2024

Category : Indian Economy

Q .

What is India's projected real GDP growth rate for FY25 and FY26?

5.4%

5.5%

6.5%

6.7%

Correct Answer : 6.5%

India's projected real GDP growth rate for FY25 and FY26 is estimated at 6.5%, supported by robust economic fundamentals despite some recent challenges.

While Q2 FY25 GDP growth eased to 5.4% from 6.7% in Q1 FY25 due to factors like a decline in manufacturing PMI and a slowdown in private consumption, inflation trends show improvement with CPI falling to 5.5% in November. The 6.5% projection reflects optimism for sustained economic growth.

Published On : December 27, 2024

Category : Indian Economy

Q .

How much growth has India Ratings and Research projected for the Indian economy for the financial year 2025-26?

5.3%

5.7%

6.2%

6.6%

Correct Answer : 6.6%

* India Ratings and Research (Ind-Ra) has projected a growth of 6.6% for the Indian economy in financial year 2025-26 (FY26), higher than the 6.4% growth estimated in the current financial year (FY25)13.

* This growth is expected to be driven mainly by a significant increase in investments. Gross fixed capital formation (GFCF) is estimated to grow by 7.2%.