Tag: FDI

Four years after a currency crisis singed Indian financial assets, the country’s foreign exchange reserves have surged to a record $400 billion, up 45% from the trough, bolstering the hope that there’s enough cushion to face any headwinds originating in global markets. India now ranks eighth in foreign exchange reserves in a list that’s headed China ($3.09 trillion) and Japan ($1.2 trillion). The record amount of reserves accumulated, mainly through the flow of funds from portfolio investors and foreign direct investment in manufacturing as well as services, reflects the…