Published on Dec 31, 2025
Current Affairs
India's foreign exchange reserves
India's foreign exchange reserves

♦ India's foreign exchange reserves have surged past 700 billion US dollars, placing the nation in the 4th position globally. Over the last decade between 2014 to 2024, the total Foreign Direct Investment inflows were around over 709 billion dollars. 

♦ India has jumped from 71st in 2014 to 39th in 2018 on the Global Competitiveness Index highlighting advancements in infrastructure, market size, and innovation.

♦ In 2024, India became the world’s second-largest producer of crude steel, after China. It also secured the second position globally in mobile phone production, solidifying its status as a major manufacturing hub.

♦ India is today the world’s fifth-largest economy and advancing toward the goal of becoming the third-largest economy.