India became 4th largest forex reserves holder in world in FY22: Economic Survey

The Economic Survey 2021-22 said that India became the fourth-largest foreign exchange reserves holder in the world after China, Japan, and Switzerland as of end November 2021. "Despite all the disruptions caused by the global pandemic, India's balance of payments remained in surplus throughout the last two years," it added. This allowed RBI to keep accumulating forex reserves, it said.