What's new

India is sitting on Half Trillion $$ in Foreign exchange Reserves Tonight

India's external debt: USD 543 billion
upload_2020-6-4_7-23-42.png

https://tradingeconomics.com/india/external-debt
 
. .
Modi did Trump a huge favor in April by filling up the US strategic reserves with Indian cash.
Win-Win for both, India gets cheap oil and Trump gets to help US producers on India's dime.

Pakistan on the other hand had no cash to leverage cheap oil for itself or use it to win influence.
Oh well, money talks!
 
.
How much of that came from Muslim countries such as the gulf states?
 
.
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.

And I rest my case...
 
. . . . .
russia is also sitting on more than indian reserves and have much less population but that not make them economic power
 
.
GDP / capita is $1800?
it's actually $2200. Meanwhile it is $1450 for 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
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 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.
Stop comparing us with Pakistan. Come on. Bangladesh has trumped them in Economy.
 
.
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
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.
 
.
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

In spite of being the country with largest population, India is self sufficient with regards to food and electricity

In fact, India exports food grains, dairy and Electricity.

Agriculture Products Export List – 2016 – 2017 – 2018
  1. Basmati Rice
  2. Non-Basmati Rice
  3. Fresh Vegetables
  4. Groundnut
  5. Fresh Fruits
  6. Processed Fruits & Juices
  7. Cereal Preparations
  8. Guargum
  9. Misc Processed Items
  10. Alcoholic Beverages
  11. Processed Vegetables
  12. Dairy Products
  13. Other Cereals
  14. Pulses
  15. Cocoa Products
  16. Sheep/Goat Meat
  17. Milled Products
  18. Floriculture
  19. Poultry Products
  20. Fruits / Vegetable Seeds
  21. Wheat
  22. Animal Casings
  23. Processed Meat
  24. Other Meat
https://makeinbusiness.com/list-25-most-exported-agricultural-products/

India exported 8 BUs of electricity in Apr-Jan period of current financial year

https://energy.economictimes.indiat...jan-period-of-current-financial-year/74732940
 
. .

Country Latest Posts

Back
Top Bottom