India’s foreign exchange reserves, amounting to $640.3 billion by the end of December 2024, can comfortably cover 90% of the country’s external debt and nearly 11 months of imports. Despite a recent dip, India remains the world’s fourth-largest holder of foreign exchange reserves, following China, Japan, and Switzerland.
India ‘hardly on radar screen’ in US tariff plans but global uncertainty a bigger worry: Swaminathan Aiyar
Swaminathan Aiyar believes India’s economy will not be directly affected by U.S. tariffs targeting countries like China and Russia. However, global trade uncertainties could still
March 5, 2025