India Foreign Reserves
Total reserves including gold FI.RES.TOTL.CD
India's foreign reserves was $641.9B in 2025, ranked 5th globally. This represents a 0.2% decrease from 2024. Data from World Bank, covering 1960–2025.
Overview
India's foreign reserves stood at $641.9B in 2025, a decline of +$1.2B from 2024. Based on recent trends, this figure is projected to reach $641.9B by 2025. India ranked 5th globally.
India's foreign reserves have exhibited significant fluctuations over the past 66 years, with the latest figure standing at 641,850,632,382.57 as of 2025, ranking fifth globally. The country's highest foreign reserves were recorded in 2024 at 643,042,560,625.54, demonstrating a recent upward trend. Conversely, the lowest reserves were observed in 1964 at 499,145,125.79, showcasing the country's struggles during that period. A comparison with its peers reveals that India's reserves are slightly lower than those of Switzerland, a country known for its stable economy, but higher than those of Russia. The United States and Saudi Arabia, both major oil producers, hold significantly higher foreign reserves. India's steady increase in foreign reserves is likely to continue as the country maintains its position as a major recipient of foreign direct investment and continues to diversify its economy. However, a potential decrease in foreign investment or a sharp decline in exports could alter this trajectory.
Data & projection
| Year | Foreign Reserves | YoY change | Rank |
|---|---|---|---|
| 2027* trend | $660.8B | - | - |
| 2026* trend | $651.3B | - | - |
| 2025* trend | $641.9B | - | - |
| 2025 | $641.9B | −$1.2B | #5 |
| 2024 | $643.0B | +$15.2B | #5 |
| 2023 | $627.8B | +$60.5B | #5 |
| 2022 | $567.3B | −$71.2B | #6 |
| 2021 | $638.5B | +$48.3B | #5 |
| 2020 | $590.2B | +$126.8B | #6 |
| 2019 | $463.5B | +$64.3B | #7 |
| 2018 | $399.2B | −$13.4B | #9 |
| 2017 | $412.6B | +$50.9B | #8 |
| 2016 | $361.7B | +$8.4B | #10 |
| 2015 | $353.3B | +$28.2B | #10 |
| 2014 | $325.1B | +$27.0B | #10 |
| 2013 | $298.1B | −$2.3B | #10 |
| 2012 | $300.4B | +$1.7B | #10 |
| 2011 | $298.7B | −$1.7B | #9 |
Detected Pattern
Analysis
India matched the Fiscal Dominance Trap pattern in 2010. Historically, 72% of countries showing this pattern (278 out of 386) saw foreign reserves improve within 24 months. View full analysis →
Frequently Asked Questions
India's foreign reserves was $641.9B in 2025. Ranked 5th globally. This represents a 0.2% decrease from the previous year.
India's foreign reserves peaked at $643.0B in 2024.
The lowest foreign reserves in India was $499.1M in 1964.
India ranks 5th globally in foreign reserves as of 2025.
The World Bank indicator code is FI.RES.TOTL.CD. Data sourced from World Bank.
India's foreign reserves is projected to reach $641.9B by 2025 based on trend extrapolation.
India's foreign reserves was approximately 641.85 billion ($641.9B) in 2025.
The foreign reserves of India in 2025 was $641.9B. This ranks 5th in the world.
Cite this page
@misc{historysaid_india_reserves,
title = {India Foreign Reserves},
url = {https://historysaid.com/india/reserves/},
publisher = {HistorySaid},
year = {2026}
}