vi-va
SENIOR MEMBER
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5th largest gdp, second largest population. Literally 0 threat of external terrorism and full backing from the west. Should be the 3rd largest GDP by now.
Even the US is being hit hard by corona. How will India survive that on top of a war? There was a report by an Indian source that the GDP would contract by 45%. Furthermore, the Chinese cyber warfare capability is huge and can bring Indian cities to a halt within minutes. And if Pakistan who borders Punjab joins in, and manages to capture/damage Punjab how will the economy survive?
And India has some pretty un necessary military adventures like ICBMS. Who you gonna hit with those? Hawaii and start pearl harbour 2.0? Russia and become a toasted marshmallow? Liberia? Israel? A single Agni V costs 5m dollars. Imagine if you diverted that money to the poor of the country (inequality is very high) how much it would improve their situation?
Military adventures will actually trash the Indian economy, they already kind of are.
Hahahaha why ya so triggered mate. We have 3 trillion reserve and 1 trillion debt. You have 550bil debt and 500bil reserves. Lolless than CHINA guaranteed
India's external debt: USD 543 billion
View attachment 638152
https://tradingeconomics.com/india/external-debt
it's actually $2200. Meanwhile it is $1450 for Pakistan. LolGDP / capita is $1800?
Don't go bursting their propaganda. India's external public debt is only 20% of its total external debt while the same is 80% in case of Pakistan. Lol.Out of that
Sovereign Debt is only 120 Billion USD
Indian Government will not use its Forex Holdings to pay off Debt of Some private companies
Stop comparing us with Pakistan. Come on. Bangladesh has trumped them in Economy.it's actually $2200. Meanwhile it is $1450 for Pakistan. Lol
Don't go bursting their propaganda. India's external public debt is only 20% of its total external debt while the same is 80% in case of Pakistan. Lol.
It's the same. Debt is debt, no matter it's sovereign debt, or private debt. When repayment is needed, it will be paid in USD.Out of that
Sovereign Debt is only 120 Billion USD
Indian Government will not use its Forex Holdings to pay off Debt of Some private companies
What are the advantages of foreign exchange reserves?
The most important advantage of a high level of foreign exchange reserves is that it can allow import of essentials such as food. It has been observed by some people that reserves that can finance 3 months' worth of import bills, is adequate.
India biggest import bill Oil
China's external debt is over 2 trillion. Keep up with the actual figures.Hahahaha why ya so triggered mate. We have 3 trillion reserve and 1 trillion debt. You have 550bil debt and 500bil reserves. Lol