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

[The Maverick]

Funny how indians think money will win them wars.

Without money you can't be a genuine military machine my friend

Money is the first thing you need to be military powerful.

 

[Jungibaaz]

All this taunting going on this thread, compared to us Indian economy is doing significantly better, we who live in glass houses shouldn’t throw stones.

Our PM (he has no choice) is busy literally begging lenders and world community to aid developing countries like ours due to Covid and existing pressures. The purpose also is largely to bolster our forex reserves that to this day are propped up by loans. Compare that to Indian burgeoning reserves that are their own. So let’s stay humble and work hard, taunting isn’t going to knock them down a peg or help us.

 

[suyog chavan]

What's the point of sitting on something which can't help public. Lol

A rich govt and military controlling poor public.

lol, exactly in case of pakistan state.
you must question your army cum government you know

 

[Protest_again]

It went up by 100bil$ in a few months. Alot of it is used to buy gold and increase imports to reduce surplus, we actually are trying to reduce it. INDIA IS BEGGING TO GET IT. LOL

If it was India, you guys would be begging IMF now. Lololol. Yes China is definitely stronger than India. You are one grade above junk

Lol. Gold is also counted as forex you know.

 

[Secularindian]

Indian source that the GDP would contract by 45%

Souce Pakistan GDP contract 95 % how Will you survive

 

[Protest_again]

That is factually incorrect. Pakistan's GDP per capita is $1482 and india's is $2010:

https://data.worldbank.org/indicator/NY.GDP.PCAP.CD?locations=BM

Okay. Thank you.

 

[Secularindian]

India's external debt: USD 543 billion
View attachment 638152
https://tradingeconomics.com/india/external-debt

It Will Pretty Less compared To PPP of 11 Trillion $

 

[PAKISTANFOREVER]

View attachment 638211

Okay. Thank you.

The official figures for the 2019 GDP per capita figures have not been released yet. You have clicked on the projected figures. Here are the official confirmed GDP per capita data:

https://data.worldbank.org/indicator/NY.GDP.PCAP.CD

india's GDP per capita is 1.37× greater than that of Pakistan. You need to have a greater GDP per capita of a factor of 4.8x before the economic difference is too great to be bridged within 30-50 years. That means india's GDP per capita has to increase by more than 340% and Pakistan's has to decrease by 10% before the economic gap is unbridgeable. Between 1950-2006, Pakistan had a higher GDP per capita than india. Between 2007-present, india's GDP per capita has been higher. With the WOT finishing, CPEC and the emergence of other similar initiatives, within 10 to 20 years, Pakistan's economic growth will increase exponentially and most likely propel it to economic heights never witnessed before in Pakistan.

 

[ARMalik]

https://swarajyamag.com/insta/india...erves-rise-by-over-3-billion-to-49004-billion

Guys so much negativity around with Ladakh and Covid 19 I just wanted to confirm Indian foreign exchange reserves are hovering at $500 billion

That is ABSOLUTELY huge for a nation depicted in bad publicity

Do not under estimate how powerful india is becoming global

The 5th largest GDP on the plant at $3trillion and a huge bank balance

BRING this back to defense if india has to fight CHINA it has the means and the money to do it

I actually think india is punching way below its real military and industrial strength.

Yes there is poverty
YES e have infrastructure issues
Yes there is corruption

BUT by god we are in such a STRONG position to GET this right

Usa and European banks all predict Indian GDP to be $5 trillion by 2025 I thnk its optimistic but 2027 I think its pretty much guranteed evenm a short war wont stop it

As for the forex in 2015 its was barely $300 billion today its $500 billion or just under
So by 2025 I think $700 billion is realistic provided rupee remains in the 70s to dollar

Its good be proud and confident

That's US $385 per person/capita. Wow, what a wonderful achievement ! What are you going to do with all this "treasure"? Built new toilets or buy food for the 700 Million hungry and unclothed indians?

 

[The Maverick]

That's US $385 per person/capita. Wow, what a wonderful achievement ! What are you going to do with all this "treasure"? Built new toilets or buy food for the 700 Million hungry and unclothed indians?

Divide 14 billion by 200nmillion I tnink.each Pakistani gets 70 dollars lol lol lol

 

[ARMalik]

Divide 14 billion by 200nmillion I tnink.each Pakistani gets 70 dollars lol lol lol

And as usual, a little LaLu Prasad indian brings in Pakistan, a country 10 times smaller then you. You indians ARE shamelessly SHAMELESS !

 

[Rajputana_]

And as usual, a little LaLu Prasad indian brings in Pakistan, a country 10 times smaller then you. You indians ARE shamelessly SHAMELESS !

Im glad you went from being a competitor to acceptance of being less by 10x.

Ohhh the irony!!

 

[arjunk]

And I rest my case...

Raping and torutring Kashmiris = radicalisation of your own population = internal terrorism because of your own stupidity.

Also, funding the BLA and treating them in Dehli. There will be retaliation for that. I don't know why you people cry when there is.

 

[Dem!god]

Yaar I dont have much knowledge of economics. Can someone explain in lay man terms how having huge Forex reserves helps a country ?

Okay let me explain it in simple terms.
Forex reserve is the reserve of most dominant and stable currencies in the world eg dollar, pound, euro, yen, yuan and gold and SDR of IMF.
Dominant and stable currencies are chosen because it does not fluctuate much in trade and value remain same throughout the globe as well as it is acceptable to all the nation. US dollar is certainly the most valued reserved currency because of it's economic size, trade relationships and also because its perceived to be the most secure nation.

Now reserves are mainly used for trade with external nations ie export and import. Its mainly done in reserve because the currency of the nation, say rupee for india are not true floting, freely convertible and not as stable as US dollar, and the trading partner nation may not have true confidence in the rupee value(as will it depreciate or appreciate). So, for external trade reserves have become essential. But at the same time trade can be done in home currencies as india have arrangement with russia and even with iran in rupee-rouble trade etc.
Most financial institution prefer dollar trade as they are US dominated, prime example are financial institution(financial intermediary between nations) that deal with trade in oil gas defence etc... Hence the term petro dollar.

How much foreign debt?

Hmm... Indian total debt to gdp ratio is 68%. Very acceptable and moderate.
And most of them are internal public debt.
India's external sovereign debt are very less, miniscule , dollar dominated(~45%) and rupee dominated(~35%) mainly , so not much of a worry. More over most of the external soverign debt are long term debt of 30-40 yrs period from world bank, ADB, etc for developmental projects.

So we are very comfortable.

 

[ThinkLogically]

And as usual, a little LaLu Prasad indian brings in Pakistan, a country 10 times smaller then you. You indians ARE shamelessly SHAMELESS !

Oh My Gawd! The 10x has become reversed