ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
-A A +A

Macroeconomic Indicators

The ratio of foreign currency assets to domestic assets in the balance sheet of the Reserve Bank of India turned adverse from 89:11 in 2007-08 to 66:34 in 2011-12. A similar proportion of income from foreign sources to domestic sources turned much more adverse from 90:10 to 37:63 between the two years which reflects decreasing return on foreign assets. There was an absolute decline in income from foreign sources from Rs 51,883 crore to Rs 19,810 crore, while income from domestic sources showed a huge increase from Rs 5,868 crore to Rs 33,360 crore between the two years.

Subscribers please login to access full text of the article.

New 3 Month Subscription
to Digital Archives at

649for India

$20for overseas users

Get instant access to the complete EPW archives

Subscribe now

Comments

(-) Hide

EPW looks forward to your comments. Please note that comments are moderated as per our comments policy. They may take some time to appear. A comment, if suitable, may be selected for publication in the Letters pages of EPW.

Back to Top