External Sector
Merchandise exports were US$ 332.8 billion during April-December 2022.
- India diversified its markets and increased its exports to Brazil, South Africa and Saudi Arabia.
- To increase its market size and ensure better penetration, in 2022, CEPA with UAE and ECTA with Australia came into force.
- India is the largest recipient of remittances in the world receiving US$ 100 bn in 2022. Remittances are the second largest major source of external financing after service export.
- As of December 2022, Forex Reserves stood at US$ 563 bn covering 9.3 months of imports.
- As of end-November 2022, India is the sixth largest foreign ....
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- 1 Chapter 9: Agriculture and Food Management – Plenty of Upside Left If We Get It Right
- 2 Chapter 10: Industry - Small and Medium Matters
- 3 Chapter 11: Services - Fuelling Growth Opportunities
- 4 Chapter 12: Infrastructure – Lifting Potential Growth
- 5 Chapter 13: Climate Change and India: Why We Must Look at the Problem through Our Lens
- 6 Chapter 1: State of the Economy – Steady as She Goes
- 7 Chapter 2: Monetary Management and Financial Intermediation- Stability is the Watchword
- 8 Chapter 3: Prices and Inflation - Under Control
- 9 Chapter 4: External Sector - Stability amid Plenty
- 10 Chapter 5: Medium-Term Outlook – A Growth Strategy for New India
