Categories: Ranks & Reports

India ranked 2nd in share of central bank surplus transfers

The Reserve Bank of India (RBI) was second in terms of reserves transferred to the government as a percentage of gross domestic product (GDP) for the fiscal year 2020-21. Turkey has been ranked first.

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RBI has transferred Rs 99,122-crore surplus to the government for FY21 which is 73% higher than the Rs 57,128 crore paid out in 2019-20. The surplus transferred by RBI constitutes 0.44% of GDP, while that of the Central Bank of the Republic of Turkey constitutes 0.5% of GDP.

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Sumit Arora

As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.