India rises to # 4 in list of countries with highest FX reserves. Almost at $600B.

[rangeelaraja]

 

https://en.wikipedia.org/wiki/List_of_countries_by_foreign-exchange_reserves

 

I think this is a great achievement by India.

 

All other countries in the top 10 are export powerhouses with MASSIVE current account surpluses YoY for decades.

 

India is the only exception.

 

India being a massive net importer, and yet making it here is due to 3 reasons - inbound remittances, FDI's and money in the Indian capital markets 

 

I see FDI going up significantly in the next decade and us have  $ 1 trillion dollar FX chest by 2025.