HomeNewsIndiaIndia presents a different picture than 10 years ago, says Dhankhar; heaps praise on PM Modi, UP CM

India presents a different picture than 10 years ago, says Dhankhar; heaps praise on PM Modi, UP CM

Dhankhar was speaking during the inauguration programme of Uttar Pradesh Sainik School in Gorakhpur

September 07, 2024 / 14:59 IST
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India presents a different picture than 10 years ago, says Dhankhar; heaps praise on PM Modi, UP CM
India presents a different picture than 10 years ago, says Dhankhar; heaps praise on PM Modi, UP CM

With foreign exchange reserves of USD 680 billion, India has come a long a way since the time it had to pledge its gold to tide over a financial crisis, Vice-President Jagdeep Dhankhar said on Saturday.

Dhankhar was speaking during the inauguration programme of Uttar Pradesh Sainik School in Gorakhpur.

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"Today's India presents a completely different picture than what was 10 years ago. There was a time when the same country, which was referred to as 'sone ki chidiya', had to pledge its gold in foreign banks. Back then, our foreign exchange was between USD 1 billion and USD 2 billion. Today, it is USD 680 billion. Look at the kind of progress we have made since," he said.

India's foreign exchange reserves jumped by USD 2.299 billion to a new high of USD 683.987 billion for the week ended on August 30.