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The ranking of foreign exchange reserves in the world, as of May 2018:

why would small countries park useless money in foreign reserves
qatar and norway have world largets investment fund at 1 trillion dollars

foreign reserves are simply needed for 3-4 months to cover any fluctuation /imports that it

Because Qatar and Norway don't have a strong financial sector like Switzerland, HK and Singapore. The latter economies handle a large amount of money inflow/outflow everyday and therefore the central bank has to hold a large amount of foreign reserves for buffer.
 
Our exports should grow faster to reach one trillion dollars reserve. Maybe a decade away to reach that goal.

Its not exports per se, but we should be aiming for trade surplus (if the intention is developed strategy by export led growth). Only growing that (and getting current account surplus) will get net trade to contribute to forex increase (i.e exporting more than we import). Right now India's forex increase since the 90s has been underlined from capital account side things like NRI dollar deposits and bonds (largely riding on confidence of Indian economy rather than direct trade performance...which has been overall negative force to forex for India).
 
wow, powa 2012 smaller than some tiny cities?
This is the biggest un-hindu joke ever!
 

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