India’s Forex Reserves Jump To $630 Billion

India’s Prime Minister Narendra Modi said the country’s forex reserves have increased to $630 billion from $200-275 billion seven years ago.

He made the revelation while addressing Bharatiya Janata Party (BJP) workers Wednesday on the 2022 budget.

“Seven years ago, $275 billion was reserved in India and today, the foreign exchange reserve is around $630 billion,” Modi said.

He gave his government the credit for the phenomenal increase.

He called the Union Budget 2022 “progressive” and said the country’s GDP has increased by over 1 lakh crore in seven or eight years.

“The budget has been appreciated. Seven-eight years ago, India’s GDP was Rs 1 lakh 10,000 crore. But today, it’s about Rs 2 lakh 30,000 crore.

“In 2013-14, India’s exports were around Rs 2 lakh 50,000 crore. But today, the export is around 4 lakh 70,000 crore,” PM Modi said.