India's foreign exchange reserves touched new height recently. This also gives rise to the argument of lost opportunity. In light of this discuss the utility of maintaining foreign exchange reserves and issue of optimum level of foreign exchange reserves.10 marks - Civilsdaily

India’s foreign exchange reserves touched new height recently. This also gives rise to the argument of lost opportunity. In light of this discuss the utility of maintaining foreign exchange reserves and issue of optimum level of foreign exchange reserves.10 marks

Mentor’s comment- https://indianexpress.com/article/opinion/columns/forex-reserves-rising-indin-economy-gdp-covid-19-impact-6484029/ In the intro, briefly explain what foreign exchange reserve is. In the body, as the utility of … Continue reading India’s foreign exchange reserves touched new height recently. This also gives rise to the argument of lost opportunity. In light of this discuss the utility of maintaining foreign exchange reserves and issue of optimum level of foreign exchange reserves.10 marks