Hellfire2006
FULL MEMBER
- Joined
- May 2, 2022
- Messages
- 737
- Reaction score
- 0
- Country
- Location
states are not bankrupt yet. And you are forgetting one thing. Only a certain amount of money is repaid at a time for the debt that one has taken up. In india's case we have 590 Billion of forex reserves and 620 Billion worth of external debt and 267 Billion dollars worth of debt is due for repayment this year. There is also a secret weapon with the RBI and that is india's huge gold reserves.LOL your debt and reserves are almost equal. How will you bailout your bankrupt states.
Meanwhile pakistan has 127 Billion dollars of external debt and only 9.5 Billion worth of forex reserves. Pakistan is under serious economic pressure right now with CPI of 12%.