India's external debt baloons to $513 billion

[N.Siddiqui]

all SMALL numbers for the WORLDS fastest GROWING GDP

-54.... that some rating...Fitch and Moody's might not be amused...

 

[Chhatrapati]

You Mean This

https://www.bloomberg.com/news/arti...foreigners-join-indian-banks-in-dumping-bonds

lol! So you don't know.

 

[Samlee]

A Few Things And Indian Economy Is Down

1.Trump Decertifies Iran Deal And Impose Sanctions On Venezuela That Will Jack Up Oil Prices to Above $70 And Balloon C/A Deficit

2.US Federal Reserve Raises Rates And That Would Be The Death Blow To Capital Account Surplus

3.MSCI Decreases India's Weightage Like They Have Been Threatening To Do So.That Move Will Result In Substantial Capital Outflow

 

[punit]

A Few Things And Indian Economy Is Down

1.Trump Decertifies Iran Deal And Impose Sanctions On Venezuela That Will Jack Up Oil Prices to Above $70 And Balloon C/A Deficit

2.US Federal Reserve Raises Rates And That Would Be The Death Blow To Capital Account Surplus

3.MSCI Decreases India's Weightage Like They Have Been Threatening To Do So.That Move Will Result In Substantial Capital Outflow

Yeah . Doomsday is coming. Don't explode in Anger/ pleasure..

 

[Samlee]

Yeah . Doomsday is coming. Don't explode in Anger/ pleasure..

Yep And I Have Just Started To Butter My Popcorn

 

[punit]

Yep And I Have Just Started To Butter My Popcorn

Good for you .

 

[Nilgiri]

Such a big economy so why not start paying some of the half-a-trillion debt off?

Indeed why is it not happening?

Oh whoops it is happening:

https://blogs.worldbank.org/opendata/are-south-asian-countries-sinking-debt-trap

The question should be why its not happening in rest of South Asia (neg debt flow i.e overall debt repayment) which seem to be ramping up their debt flows instead with little to show for it on the ground tbh.

So maybe you should go back and actually learn a few basic things....like why its stupid to compare a debt level from month to month within a financial year....and better to look at the year to year trends instead?

@Gibbs @Joe Shearer @Mage @Ashes @gslv mk3

 

[randomradio]

India's end-December external debt at $513.4 bln - govt

Reuters Staff

MUMBAI, March 28 (Reuters) - India’s end-December external debt was $513.4 billion, up 3.6 percent from end-September, the finance ministry said in a statement on Wednesday.

On a residual maturity basis, short-term debt constituted 42.4 percent of total external debt at the end of December, slightly up from end-September’s 41.7 percent, the statement showed. (Reporting by Suvashree Dey Choudhury; Editing by Amrutha Gayathri)

Reuters

What's going on? Why the balooning?
@SunilM and other Hindu Extremist supporters.

Most of the external debt is held by private companies that are busy expanding into foreign countries and buying foreign companies. You need dollars for that, hence the need for external financing.

 

[Nalini]

Let me enlighten some ignorant Pakistanis & many other fools - India can clear 2 times the external debt, without even touching our forex reserves.

I repeat India can clear 1000 bln or 1 trillion debt one shot, if required & without even touching our 424 Billion $ reserves or borrowing from anywhere.

So worry about saving your country. India can buy more than 10 Pakistan & 10 Bangladesh simultaneously, with hard cash today, if we want.

Believe it or not - This is my bold Golden words in Gold

 

[xyxmt]

We are not the country with a negative forex reserve !!!

$400 foreign reserves and $520 External debt...yes you are not, its not like Math was invented in India

 

[HariPrasad]

India's end-December external debt at $513.4 bln - govt

Reuters Staff

MUMBAI, March 28 (Reuters) - India’s end-December external debt was $513.4 billion, up 3.6 percent from end-September, the finance ministry said in a statement on Wednesday.

On a residual maturity basis, short-term debt constituted 42.4 percent of total external debt at the end of December, slightly up from end-September’s 41.7 percent, the statement showed. (Reporting by Suvashree Dey Choudhury; Editing by Amrutha Gayathri)

Reuters

What's going on? Why the balooning?
@SunilM and other Hindu Extremist supporters.

Main reason for hike in external debt is the availability of same at very low interest rate. Companies like reliance has got it at 2.5%. Indian government is buying it at just 2% for many infrastructure projects. Our projects are becoming highly cost effective with acquisition of low cost loans.

We are getting rich by borrowing frof outside. Our projects are becoming highly cost-effective. Internal rater of return are getting more and more attractive.

 

[Ryuzaki]

India's foreign reserves are $424 billion and rising fast,compared to just $5 billion for Pakistan(rest $6 billion is held by commercial banks,and 1.7 billion is parked by foreign countries)

Indian company Reliance gets $800 million loan at just 3%,while the state of Pakistan gets it at 6.5-7%.

 

[Śakra]

Are fascists not in charge?

Yes but they’re Shaivite Supremacists

 

[rishav]

$400 Billion Reserves(Hot Money) and $513 Billion Debt How Comfortable

$424 billion , you can't ignore that 24 billion dollars as it's nearly 5 times the reserves pakistan has

 

[HariPrasad]

India's foreign reserves are $424 billion and rising fast,compared to just $5 billion for Pakistan(rest $6 billion is held by commercial banks,and 1.7 billion is parked by foreign countries)

Indian company Reliance gets $800 million loan at just 3%,while the state of Pakistan gets it at 6.5-7%.

Correction. 2.5%.

I think we must take more debt to raise cost effective fund. This has a great impact on our massive infrastructure boom. Our IRR and project cost will come down significantly. Nitin Gadkari is exactly doing the same. He got an ICICI bank loan canceled at some 10% and raise the fund at 2% from Singapore. Japan is very much willing to give loan at a very competitive rate. Rupees are by and large stable or getting strong and because of that, people even do not hedge loan now a days. They pay installment as and when it is due. Generally unsecured loan is available at just 1.25 to 1.50% rate per month. Here we are getting fund at around 2% to 2.5%. This is simply great and staright away and earning of 6% to 8% without doing anything.