India has to repay $172 billion debt by March 2014

[East Asia United]

What you think about this?

And people actually liked this idiotic comment.

First of all, the debt to GDP ratio for the US is 108% as of 2012, not this ridiculous 190% on your graph.

China's is 22% of GDP, and slowly declining.

India's is 68% of GDP, and RISING.

If there is anyone in a financial crisis, it's you guys.

 

[Sashan]

Why are many crying doomsday here for India especially the Chinese? If only the Chinese look back at their own history - in 1989 and 1990 Chinese had around 4% GDP growth and was internationally isolated due to Tiananmen Square incident - a situation far far worse than what India is in right now and they came out of it with flying colors - So what India has is a brief slowdown and a slew of reforms is what is needed for India and things will be fine. Why do the Chinese think that what was possible for them is not possible for India?

 

[ziaulislam]

Why are many crying doomsday here for India especially the Chinese? If only the Chinese look back at their own history - in 1989 and 1990 Chinese had around 4% GDP growth and was internationally isolated due to Tiananmen Square incident - a situation far far worse than what India is in right now and they came out of it with flying colors - So what India has is a brief slowdown and a slew of reforms is what is needed for India and things will be fine. Why do the Chinese think that what was possible for them is not possible for India?

it was not coz of that incidence, it was simply because the era of chinese reforms wasnt started..
it started in early 90s

 

[shuttler]

Why are many crying doomsday here for India especially the Chinese? If only the Chinese look back at their own history - in 1989 and 1990 Chinese had around 4% GDP growth and was internationally isolated due to Tiananmen Square incident - a situation far far worse than what India is in right now and they came out of it with flying colors - So what India has is a brief slowdown and a slew of reforms is what is needed for India and things will be fine. Why do the Chinese think that what was possible for them is not possible for India?

haha you guys are obssessed with "Tiananmen Sq"! It doesnt help you win arguments
india is in financial crisis - it is a cashflow problem

Because you have weak fundamentals - a double deficit and impending downgrade and the crazy spending like no tomorrow on some fancy projects like mar missions, more aircraft carriers, more submarines, no. 1 supercomputers, large civilian planes development ..

Our fx reserve at 1991 was $43 billion, when it is compounded by inflation of say 7% pa for 22 years. It will be about $191 billion now which is not bad in spite of the sanctions!

 

[Sashan]

it was not coz of that incidence, it was simply because the era of chinese reforms wasnt started..
it started in early 90s

Chinese reforms started in the late 1970s after Deng Xiaoping took over. In 1978, it was more than 10% GDP growth the first year the reforms were introduced.

 

[Sashan]

haha you guys are obssessed with "Tiananmen Sq"! It doesnt help you win arguments
india is in financial crisis - it is a cashflow problem

Because you have weak fundamentals - a double deficit and impending downgrade and the crazy spending like no tomorrow

Our fx reserve at 1991 was $43 billion, when it is compounded by inflation of say 7% pa for 22 years. It will be about $191 billion now which is not bad in spite of the sanctions!

your fundamentals were not so strong as you claim when Tiananmen happened - Your major reforms happened from 1990s especially after 1992 Chinese new year when Deng Xiaoping introduced bunch of reforms - for example, only in 1990s most SEZs were introduced which brought in much needed foreign capital. Your infrastructure boost happened in the late part of 1990s. India already is well ahead on infrastructure front compared to 1990 China. It is a matter of time for India to turn around.

 

[ziaulislam]

And people actually liked this idiotic comment.

First of all, the debt to GDP ratio for the US is 108% as of 2012, not this ridiculous 190% on your graph.

China's is 22% of GDP, and slowly declining.

India's is 68% of GDP, and RISING.

If there is anyone in a financial crisis, it's you guys.

i think the figure may be wrong but it could be counting the domestic debt+foreign debt..
domestic and foreign debt are two different things

 

[East Asia United]

i think the figure may be wrong but it could be counting the domestic debt+foreign debt..
domestic and foreign debt are two different things

Then it's highly inaccurate. Whoever used such a chart must have been really stupid (I looked it up... it was Schwab.. haha, they really are idiots.)

 

[manojb]

Idiot people from Schwab at it again!

 

[East Asia United]

Idiot people from Schwab at it again!

Really? So it only costs 1/3 less to produce in China? Sounds pretty hard to believe.

 

[manojb]

Really? So it only costs 1/3 less to produce in China? Sounds pretty hard to believe.

Idiots from Barrons at it again

China's Pain Is Kenya's Gain - Barrons.com

 

[ephone]

You seem to forget China enormous financial reserves...

BTW, Chinese people are among the most cash saving ethic groups in the world.

So thanks for worrying.

What you think about this?

 

[Icewolf]

The money in Indias piggy bank is -80.15 billion... So they should have no problem paying off this 175 billion

 

[manojb]

You seem to forget China enormous financial reserves...

BTW, Chinese people are among the most cash saving ethic groups in the world.

good for you guys..

So thanks for worrying.

feeling is mutual

 

[acetophenol]

another record low for the rupee against the dollar:
@63.135

the fx reserve as at 16 Aug., 2013 = $278.6 billion ONLY
over 61% of that amount will be gone for the debt unless a roll-over


$172+90 billion = $262 billion so this will leave india with a meagre $16+ billion in the pocket - a repeat of 1991?

Agencies will be pounding on india for a sovereignty downgrade which is salt on a gaping wound

india has the most tyrannical rules to control the economy:
1. people are forbid to buy gold
2. india restricts enterprises on foreign investment
3. india imposes restrict outward remittance amount
what else?

india in the biggest desperation now!



source and breakdown please!

also the years are not matching one another for a meaningful comparison!

the point in bold,where did you took it from? Its wrong buddy,you are absolutely wrong.