Private Transfers (In USD billion) Financial Year  9  Credit  Debit  (Inward  (Outward  Remittances)  Remittances)  Net  2012-13  67.63  3.28  64.34  2013-14  69.64  4.16  65.48  2014-15  69.82  3.56  66.26  2015-16  65.59  2.45  63.14  2016-17  61.30  4.72  56.57  2017-18  69.13  6.18  62.95  2018-19  76.40  5.79  70.60  2019-20  83.19  6.98  76.22  2020-21  80.19  5.75  74.44  2021-22  89.13  7.90  81.23  dbie.rbi.org.in World Bank data  10  5  USD billion  Chart 6: Private Transfers 100.00 80.00 60.00 40.00 20.00 0.00  Credit (Inward Remittances)  Debit (Outward Remittances)  Net  10.
Finally, In the last decade, India’s foreign exchange reserves 11 (Chart 7) have grown from USD 293.9 billion in September 2012 to USD 537.5 billion in September 2022. Our forex reserves played a critical role in cushioning the impact of severe turmoil witnessed in the global markets in recent months.