New Delhi, Feb 10th,2008 (WAM) — India?s foreign exchange reserves have grown to an all-time high of US$ 266.55 billion in December 2007, strengthening the Indian Rupee further.
According to a Finance Ministry report, the Rupee appreciated against the Euro, Pound Sterling and the Japanese Yen but depreciated against the Dollar slightly.
Tax yields have steadily been growing higher due to liberal economic policies of Prime Minister Manmohan Singh?s government, recording a 24.5 per cent growth compared to the corresponding period in 2006.
The report stated that the overall growth of GDP during the fiscal 2006-07 was 9.4 per cent while the overall industrial growth was 9.2 per cent.
Both exports and imports grew, by 22.1 per cent and 27 per cent respectively.