WHY IN NEWS? India has surpassed Japan, China, Russia and Switzerland to become the world’s fifth-largest foreign exchange reserve holder with $608.99 billion. This was mentioned in the Lok Sabha on 20th July, 2021 by Pankaj Choudhary, MoS Finance. About: The Reserve Bank of India and the Government of India are actively monitoring the country’s external position and accordingly fine-tuning the various policies and regulations so as to ensure strong macroeconomic growth of India. India’s balance of payments has surplused in both the capital and current accounts in the year 2020-21 which largely contributed to the gains in the foreign exchange....Read More
© 2025 Civilstap Himachal Design & Development