Since Swamy, BJP and PM Modi himself seem to be unconvinced, here are 4 data points that will help them understand the importance of Rajan
The reserves stood at $361.02 billion as on 13 May, against $361.99 billion as on 6 May
2015 ended with around 59 GW (giga Watt or 1,000 MW) of solar installed capacity
India's foreign exchange reserves swelled to a record high of $360 billion for the week ended 1 April
The foreign exchange reserves touched a new life-time high of USD 359.917 billion after they surged by USD 157.4 million in the week ended April 8, helped by rise in foreign currency assets, the Reserve Bank said today. In the previous week, reserves had increased by a whopping USD 4.2 billion to touch USD 359.759 billion.
India's foreign exchange reserves surged to a record $360 billion in the week ended 1 April
The reserves previously had touched a high of $355.46 billion in the week ended 19 June last year
FDI in the country will accelerate further on gradually improving economic growth in 2016-17, while focus on ‘Make in India’ would result in a more larger and more stable FDIs
FCAs, a major component of overall reserves, increased by $1.584 billion to $326.631 billion in the reporting period
The rupee is back at 68 against the dollar and surprisingly nobody seems to be that worried. Last time, the currency hit 68 under the United Progressive Alliance regime, it had become a political hot potato.
The Indian economy has grown six fold in size between 2001 and 2015 and now stands at Rs 125.41 lakh crore in fiscal year 2015 from Rs 21.77 lakh crore in fiscal year 2001 at the start of this millennium.
RBI may breathe easy on spill-over effect
slight fall in the Forex reserves can be attributed to the dollar selling by Reserve Bank of India (RBI) to stabilise the rupee value
Forex reserves stood at $351.73 billion for the week ended November 6
When Rajan completes two years in office, the banking industry is witnessing deep structural reforms; the economy is in a much better shape compared with 2013
The RBI Governor said that turmoil in currency market has been long-coming and China is only the last step in it
he Indian rupee slumped to as low as 66.49 per dollar on Monday
Rajan also questioned the sustainability of debt-fuelled demand
Once the stalled projects are up and running, foreign investments will naturally flow in.