India's foreign exchange reserves rises to record $600 billion

[VkdIndian]

India's forex is not earned forex (other than remittances and minor software exports) but mostly either investment or trade money. China forex is earned by its workers through exports. understand it first.

Could you please give source of this information?

 

[The Maverick]

let's just put these numbers into perspective
600 billion dollars is the 6th largest forex on the planet
it's twice size of the Pakistani gdp
30 times the size of Pakistani forex

we are talking serious serious financial position it's mostly dollars with gold about 50 billion dollars,.

nobody helps you build forex you do it through hard work and investment and control of financial inflows,.

don't underestimate how vital.600 billion dollars is

 

[beijingwalker]

let's just put these numbers into perspective
600 billion dollars is the 6th largest forex on the planet
it's twice size of the Pakistani gdp
30 times the size of Pakistani forex

we are talking serious serious financial position it's mostly dollars with gold about 50 billion dollars,.

nobody helps you build forex you do it through hard work and investment and control of financial inflows,.

don't underestimate how vital.600 billion dollars is

and about the size of foreign reserve of Hong kong,city of 6 milliin people.

 

[xuxu1457]

 

[The Maverick]

and about the size of foreign reserve of Hong kong,city of 6 milliin people.

sorry I got it wrong 5th largest in the world

makes 95% of the worlds countries look.pretty sick.

not bad for s failed country like India

 

[Surya 1]

and about the size of foreign reserve of Hong kong,city of 6 milliin people.

This means that China is only as good as 5.5 times the Hong kong as per your logic.

 

[letsrock]

Could you please give source of this information?

RBI stats. India runs a trade deficit every year. How does forex accrue then ? through investments (short term or long term) or borrowings. Who owns investment or borrowings ? the investor or lender. The money may have come to india but it is not owned by india.

In comparision when it comes to china. china runs trade surplus that means the forex is earned by chinese. They own them.

 

[batmannow]

Still means nothing to china which is sitting in laddakhs high lands?

 

[Windjammer]

sorry I got it wrong 5th largest in the world

makes 95% of the worlds countries look.pretty sick.

not bad for s failed country like India

How ironic, those 95% must be thinking , India is No 1 on the sick list , seeking and accepting help from anyone and every one. Lol.

 

[313ghazi]

$600 billion in the bank, in a country where 600 million cannot afford basic food.

 

[xyx007]

Lol. Why should a Pakistani worry about our fate?
Seriously though, it's hilarious to get economic lesson from a Pakistani.

Indians shouldn't worry about Pakistan's fate, instead they should care about their own survival following the Corona Crisis.
On the other hand, getting an economic lesson from an Indian bot on social media is hilarious.

 

[Protest_again]

Indians shouldn't worry about Pakistan's fate, instead they should care about their own survival following the Corona Crisis.
On the other hand, getting an economic lesson from an Indian bot on social media is hilarious.

Pakistan just got lucky w.r.t Corona as no foreigner wants to touch it even with a pole stick. That doesn't give you right to pass judgment on others. Even as we speak India vaccinated over 23 crore people where as medical mecca Pakistan didn't even cross 40 lakhs.

GOI earns 22 times more than GOP. So there is no shame in taking economic lessons from us.

 

[The Maverick]

How ironic, those 95% must be thinking , India is No 1 on the sick list , seeking and accepting help from anyone and every one. Lol.

it won't dilute the 600 billion dollars .
the,pandemic will.ease naturally and the demise of India and collapse,will.remain a wishful pipe dream for insecure neighbours

 

[Windjammer]

it won't dilute the 600 billion dollars .
the,pandemic will.ease naturally and the demise of India and collapse,will.remain a wishful pipe dream for insecure neighbours

And you will keep turning up to do your habitual chest thumping on a Pakistani forum... even if it takes you to adopt a fake ID like some Eurofighter from Warwick.
Then again, where else do you have a voice. !!!

 

[Protest_again]

RBI stats. India runs a trade deficit every year. How does forex accrue then ? through investments (short term or long term) or borrowings. Who owns investment or borrowings ? the investor or lender. The money may have come to india but it is not owned by india.

In comparision when it comes to china. china runs trade surplus that means the forex is earned by chinese. They own them.

India's trade deficit including services is only about 70 billion dollars in general.

"Taking merchandise and services together, the overall trade deficit for April-March 2020-21 is estimated at $12.74 Billion as compared to the deficit of $77.76 Billion in April-March 2019-20"

This deficit is more than covered by our FDI at about $50 billion and $80 billion in remittences. From tourism we get about $25 billion a year too. And top of it we have NRI deposits.

Stop talking with zero knowledge on India.