India's external debt baloons to $513 billion

[Pakistani Aircraft]

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.

 

[El Sidd]

Yogi will introduce the tax reforms.

 

[Sine Nomine]

Pot calling kettle black

 

[Zen0]

Reported for racist title edditing

 

[rishav]

What's going on? Why the balooning?

yes we are taking loans for various infrastructure projects . And we have $400 billion+ foreign reserves . No need to worry for us .

 

[Zen0]

Also India is a 2.5 trillion $ economy 500 billion debt is manageable

 

[Pakistani Aircraft]

Also India is a 2.5 trillion $ economy 500 billion debt is manageable

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

 

[Chhatrapati]

This thread name is cute.

 

[gslv mk3]

It is good business scheme by modi's east endia company - promote make in india buy from china, blames Muslims for eating their god but have large slaughters house do business in your name, take out large loans tell rss followers it is Muslims fault and dalits for not following their laws and ways and they caused economic problems too. Bollywood also promotes indians as first world country so poverty stricken indians can buy tv and watch surgical strike by sunni deol while no toilet and running water and eating rats.

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

This thread name is cute.

The desperation of the OP & his lack of knowledge too is...

 

[Zen0]

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

If we did entire country will shut down into the stone age, these need tho be slowly paid off without hurting the growth

 

[El Sidd]

This thread name is cute.

Are fascists not in charge?

 

[Chhatrapati]

Are fascists not in charge?

Consumption is by 1.2+ billion people. Fascist - Communists - Center - Right....

 

[Turingsage]

India's forex reserves rise to life-time high of $424 billion

PTI | Apr 6, 2018, 18:50 IST

HIGHLIGHTS

• In the previous week, the reserves had increased by $1.197 billion to $422.532 billion
• The reserves had earlier touched a record high of $421.914 billion on February 9

MUMBAI: The country's foreign exchange reserves hit a life-time high of $424.361 billion after rising by $1.828 billion in the week to March 30, helped by rise in foreign currency assets, the Reserve Bank said today.

In the previous week, the reserves had increased by $1.197 billion to $422.532 billion.

Previously, the reserves had touched a record high of $421.914 billion on February 9. It had crossed the $400-billion mark for the first time in the week to September 8, 2017, but has since been fluctuating.

In the reporting week, the foreign currency assets, a major component of the overall reserves, rose by $1.823 billion to $399.118 billion.




Expressed in the US dollar terms, the foreign currency assets include the effect of appreciation or depreciation of the non-US currencies such as the euro, the pound and the yen held in the reserves.

https://timesofindia.indiatimes.com...-high-of-424-billion/articleshow/63645577.cms





Gold reserves remained unchanged at $21.614 billion, the central bank said.
TOP COMMENT
A great news, shows our economy is progressing no doubt, and the demonetization had positive effect, all negativity was misguiding politics of oppositionRahul Deshmukh

 

[El Sidd]

Consumption is by 1.2+ billion people. Fascist - Communists - Center - Right....

Stop deflecting.

The government is fascist or not? Or every state has different ideologies?

 

[Pakistani Aircraft]

If we did entire country will shut down into the stone age, these need tho be slowly paid off without hurting the growth

I said some of the debt, like $50 billion a year (peanuts for a $2.5 trillion economy with $400 billion in reserves). However, at the moment Hindu Extremist lead India seems determined to add more and more on. This is not what the Modi-walay promised.