• India’s foreign reserve is now far bigger than Pakistan’s GDP

    India’s foreign reserve is now far bigger than Pakistan’s GDP

    Published Date : 23-Jul-2019 9:26:39 IST

    The Indian economy has come a long way from the balance of payment crisis that led to economic liberalisation in 1991. Starting 1987, India’s already meagre forex reserve steadily reduced from $11.5 billion to just $5.6 billion in 1990. Three decades later, the country has a healthy forex reserve of about $400 billion — about $100 billion more than Pakistan’s GDP in 2018.

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