What's new

Have Modi's Misguided Policies Turned India Into A Beggar Nation?

pikkuboss

FULL MEMBER
Jan 28, 2016
385
-10
375
Country
India
Location
India
Nothing can beat your prime minister Katora Khan's begging bowl. Stop humiliating yourselves.
 

Han Patriot

ELITE MEMBER
Mar 23, 2011
9,935
-19
14,772
Country
China
Location
Singapore
And now the facts
"Forex reserves jump $75 bn since lockdown
Foreign currency assets expanded by $5.73 billion to $508.7 billion in the week ended October 9, as per rbi "
"India’s foreign exchange reserves jumped by $5.86 billion in the week ended October 9 to hit a fresh high of $551.5 billion. As Covid-19 pandemic led to a sharp decline in imports of crude oil and gold and Indian companies attracted huge foreign direct investments, the forex reserves swelled by $75 billion since lockdown announcement in last week of March.

RBI data released on Friday shows that in the week ended October 9, the foreign currency assets expanded by $5.73 billion to $508.7 billion and the gold reserves were up by $113 million to $36.6 billion."

Interesting that Pakistan "experts" have totally removed Pakistan from the comparison battle with India and now use China and BD to fight their battles.

Pakistan foreign exchange now is less than 20 b usd , and most from foreign aid as the expat earnings are inadequate to cover the import export imbalance.

And in 1996 ,
1 Usd = 46 inr (now 73) and 40 pkr( now 164)
So pakistan rupees has devalued itself substantially.
How much did foreign debt increase? Lol
 

Users Who Are Viewing This Thread (Total: 1, Members: 0, Guests: 1)


Top Bottom