Journal of Tourism & Hospitality
Open Access
ISSN: 2167-0269
ISSN: 2167-0269
Department of Business Management, Karnataka Veterinary Animal and Fisheries Sciences University, Bidar, India
Research Article
Economic Analysis of Indian Foreign Exchange Reserves after Post COVID-19 Pandemic
Author(s): Basavarajaiah DM* and Narasimhamurthy B
India is one of the leading countries for economic growth worldwide and external trade recovered strongly in 2021-2022 after the post-COVID-19 pandemic. According to the ministry of economy and finance 2021 annual report, there has been a strong augmentation in capital flow into India, leading to the rapid accumulation of FOREX reserves as compared with Asian countries. It is the fourth-largest forex reserve holder in the world as of December 2022. India’s merchandise exports and imports rebounded strongly and were suppressed during the COVID-19 pandemic due to the financial burden, low parity of purchasing power, unemployment, production decline in manufacturing companies, higher debt, improper management of the service sector, etc. Despite the control measures of SARS-CoV-2, financial movement decreased at a marginal rate of 50-60%. According to RBI statistics, foreign exchang.. View More»
DOI:
10.35248/2169-0286.25.14.128