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Pakistan's foreign exchange reserves equal to just five weeks of merchandise imports. [44] The consistent depreciation of the rupee is said to be deepening the economic crisis. [45] At the end of March, the rupee stood at 183.48 to $1. On 9 December 2022, it closed at 224.40. [44]
The Q4'16–17 rate was 6.1% as against a forecast of 7.1% by economists. [151] The rate for the financial year 2016–17 was 7.1%, a reduction from the 8% in 2015–16. [152] This drop was attributed to demonetisation by economists. [153] The GDP growth rate for Q1'17–18 dropped to 5.7%, compared to 7.9% a year prior, [154] the lowest since ...
The economy had started to slow down in the second term of Manmohan Singh's tenure but started a recovery in 2013–14 when the GDP growth rate accelerated to 6.4% from the previous year's 5.5%. The acceleration continued through 2014–15 and 2015–16 with growth rates of 7.5% and 8.0% respectively in the early early years under Narendra Modi ...