Facts about Indian Economy as of May 1, 2023
Foreign Exchange Reserves
As of April 14, 2023, foreign exchange reserves in India stood at US$ 586.4 billion.
Merchandise and Service Exports
In March 2023, India’s merchandise and service exports were estimated at US$ 66.14 billion.
Overall Exports/Imports
India’s overall exports in FY23 (April 2022-March 2023) were estimated at US$ 770.18 billion (a 13.84% YoY increase). Overall imports over the same period were estimated at US$ 892.18 billion (a 17.38% YoY increase).
Merchandise Exports and Imports
India’s merchandise exports in March 2023 were estimated at US$ 38.38 billion. Merchandise imports in March 2023 were estimated at US$ 58.11 billion.
PE/VC investments
In March 2023, Private equity (PE) and venture capital (VC) investments stood at US$ 5.3 billion across 82 deals, including 14 large deals (deals of value greater than US$ 100 million) worth US$ 4.3 billion.
Outward foreign direct investment ( OFDI)
According to the Department of Economic Affairs, India’s outward foreign direct investment (OFDI) stood at US$ 2.22 billion in March 2023 vs. US$ 2.71 billion in February 2023.
GST Collections
The gross GST (Goods and Services Tax) revenue collection stood at US$ 19.6 billion in March 2023.
Mutual Funds Assets
Mutual funds asset base stood at US$ 479.99 billion as of March 31, 2023.
Core Index Industries
The combined index of eight core industries stood at 144.6.0 for Apr-Feb 2023 against 134.1 for Apr-Feb 2022.
India’s Index of Industrial Production (IIP)
IIP for February 2023 stood at 138.7 against 146.9 for January 2023.
Wholesale Price Index (WPI)
The Wholesale Price Index (WPI) for all commodities stood at 150.9 in March 2023.
Consumer Food Price Index (CFPI)
Consumer Food Price Index (CFPI) – Combined inflation was 4.79% in March 2023 against 5.95% in February 2023.
