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The foreign exchange reserves in India crossed the landmark of ___________ in June 2021.
US$ 900 trillion
US$ 600 trillion
US$ 600 billion
US$ 900 billion
- Option 1: US$ 900 trillion
- This number is significantly exaggerated. The total global GDP doesn't even amount to US$ 900 trillion.
- Option 2: US$ 600 trillion
- Like option 1, this figure is unrealistically high. Even the largest economies have reserves in billions, not trillions.
- Option 3: US$ 600 billion
- ?? This is the correct figure. India's foreign exchange reserves crossed US$ 600 billion in June 2021 for the first time. This milestone reflected economic recovery and strong capital inflows.
- Option 4: US$ 900 billion
- This is higher than the actual reserves at that time. India had not reached this level by June 2021.
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