Foreign Reserves, Months Import Cover, Goods in India

India: Foreign Reserves, Months Import Cover, Goods was 0.8856 in 2024. ▲ Rising

Latest (2024)
0.8856
Change on year
down 4.3%
World rank
23rd
of 116 countries
All-time high
1.57
in 2020
All-time low
0.3556
in 1991
Years of data
34
1991–2024

Foreign Reserves, Months Import Cover, Goods in India, 1991–2024

0.250.50.7511.21.51991200720241991: 0.3561992: 0.4091993: 0.6211994: 0.8721995: 0.6351996: 0.6351997: 0.661998: 0.6991999: 0.7442000: 0.7772001: 0.9562002: 1.32003: 1.42004: 1.32005: 0.9622006: 0.9962007: 1.22008: 0.7972009: 1.12010: 0.8472011: 0.6392012: 0.6042013: 0.6322014: 0.6942015: 0.8912016: 0.9942017: 0.912018: 0.7692019: 0.9462020: 1.62021: 1.12022: 0.7812023: 0.9252024: 0.886

Source: World Bank staff calculations based on Datastream data.

Analysis

In 2024, foreign reserves, months import cover, goods in India stood at 0.8856.

That represents a change of down 4.3% on the previous year and up 27.7% over ten years.

Over the whole period, foreign reserves, months import cover, goods in India peaked at 1.57 in 2020 and was at its lowest, 0.3556, in 1991.

That places India 23rd out of 116 countries with data for 2024, putting it in the top quarter.

The long-run direction has been consistently rising across the 34 years of available data.

Averages by decade

DecadeAverage LowestHighest Years
1990s 0.6256 0.3556 0.8725 9
2000s 1.08 0.7773 1.42 10
2010s 0.7924 0.6035 0.9938 10
2020s 1.05 0.7807 1.57 5

Countries ranked near India

  1. 20 Botswana 1.06 compare
  2. 21 Colombia 1.03 compare
  3. 22 Kuwait 1.01 compare
  4. 24 Oman 0.8766 compare
  5. 25 Philippines 0.8318 compare
  6. 26 Kenya 0.8096 compare

See the full ranking of 126 places →

More reference data data for India

All data for India →

Frequently asked questions

What is foreign reserves, months import cover, goods in India?
Foreign reserves, months import cover, goods in India was 0.8856 in 2024, according to World Bank staff calculations based on Datastream data.
What is the highest foreign reserves, months import cover, goods recorded in India?
The highest recorded value was 1.57 in 2020.
What is the lowest foreign reserves, months import cover, goods recorded in India?
The lowest recorded value was 0.3556 in 1991.
How does India rank for foreign reserves, months import cover, goods?
India ranks 23rd out of 116 countries with data for 2024.
Is foreign reserves, months import cover, goods rising or falling in India?
Over the last ten years it is up 27.7%. The long-run trend across the full record is rising.
Where does this India data come from?
The figures come from World Bank staff calculations based on Datastream data, published as part of Foreign Reserves, Months Import Cover, Goods. Statizoid updates them automatically from the source API.

Download this data

CSV · JSON — 34 observations, free to reuse under CC BY 4.0 (World Bank Open Data).

About this data

Indicator
Foreign Reserves, Months Import Cover, Goods
Source
World Bank staff calculations based on Datastream data
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
126 places, 3,278 data points, 1991–2024
Last refreshed

The stock of international reserves is expressed as the number of months of financing-coverage it represents for the given country's imports of merchandise goods.