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With the economy in the tailspin amid pandemic, the news of India’s Forex reserves touching the $500 billion mark for the first time provided the semblance of solace. Examine the factors that could explain this increase.10 Marks

Written by

Parth Verma

in

Mentor’s comment-

  • https://finshots.in/archive/india-foreign-exchange-reserves/
  • In the intro, mention the importance of adequate Forex for a country.
  • In the body, you can cite factors like declining oil import, foreign investment, change in the RBI’s stance etc.
  • Conclude by mentioning India’s journey from 1991 to now in terms of Forex reserve.

Comments

15 responses to “With the economy in the tailspin amid pandemic, the news of India’s Forex reserves touching the $500 billion mark for the first time provided the semblance of solace. Examine the factors that could explain this increase.10 Marks”

  1. sunny gill Avatar
    sunny gill

    Please review

    1. Parth Verma Avatar
      Parth Verma

      scan properly,its not legible.

  2. Dakshina Moorthy Avatar
    Dakshina Moorthy

    Please review the answer.

    1. Parth Verma Avatar
      Parth Verma

      conclusion in not in the context of the demand of question
      yo have made good flow charts
      work on handwriting
      if RBI has absorbed excess liquidity theen how will it help in forex rise ?
      avoid using abbreviations in your answer
      keep writing

  3. Chester Avatar
    Chester

    Please review

    1. Parth Verma Avatar
      Parth Verma

      Chester introduction is missing in your answer
      underline keywords to make your answer more presentable
      content is there but you need to diversify it like you can mention some reports on forex etc.
      conclusion is good but need to work on basic grammar
      if possible do write some way forward in your answer
      keep writing,you will improve !

  4. tejas Avatar
    tejas

    please review

    1. Parth Verma Avatar
      Parth Verma

      Tejas you need to work on your handwriting,avoid scribbling
      the content in your subheading foreign investors needs to be rephrased.
      make your answer presentable by underline words and proper markup for headings and subheadings.
      profit for government is irrelevant fir this answer,write judiciously
      work on content and diversify it
      keep writing,you will improve

  5. Deepika Saini Avatar
    Deepika Saini

    Please review

    1. Parth Verma Avatar
      Parth Verma

      do not demotivated by marks,keep writing,you will improve

    2. Parth Verma Avatar
      Parth Verma

      Deepika adhere to the demand of the question’
      lackluster conclusion
      add more reasons why forex has increased and also the implications
      plan the structure before writing,it will help you
      diversify your answer and low remittances will increase forex ?
      brainstorm before writing

  6. NJ_00 Avatar
    NJ_00

    MOJO0206200D40884686

    1. Parth Verma Avatar
      Parth Verma

      Hi
      Rephrase your introduction.
      Work on basic grammar.
      Read mentor’s comment before writing to get the idea.
      Mention the impact of high forex reserve .
      Try to cover more verticals in your answer to get good marks.
      Conclusion is good.
      Improve your handwriting and avoid spelling mistakes.
      Work hard,you will succeed.

  7. Parakh Sarda Avatar
    Parakh Sarda

    Please Review OrderID – ~0000232028

    1. Parth Verma Avatar
      Parth Verma

      Hi Parakh
      Good introduction.
      You have discussed the answer in a decent way.
      Well structured answer.
      Content is well diversified.
      Work on handwriting,write neat and legible.
      Conclude by citing the journey of India’s forex reserve from 1991 till present.
      Overall good attempt.
      Keep it up.

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