India is sitting on Half Trillion $$ in Foreign exchange Reserves Tonight

[vi-va]

India's external debt: USD 543 billion

https://tradingeconomics.com/india/external-debt

 

[MM_Haider]

GDP / capita is $1800?

 

[dbc]

Modi did Trump a huge favor in April by filling up the US strategic reserves with Indian cash.
Win-Win for both, India gets cheap oil and Trump gets to help US producers on India's dime.

Pakistan on the other hand had no cash to leverage cheap oil for itself or use it to win influence.
Oh well, money talks!

 

[Safriz]

How much of that came from Muslim countries such as the gulf states?

 

[Novice09]

5th largest gdp, second largest population. Literally 0 threat of external terrorism and full backing from the west. Should be the 3rd largest GDP by now.

Even the US is being hit hard by corona. How will India survive that on top of a war? There was a report by an Indian source that the GDP would contract by 45%. Furthermore, the Chinese cyber warfare capability is huge and can bring Indian cities to a halt within minutes. And if Pakistan who borders Punjab joins in, and manages to capture/damage Punjab how will the economy survive?

And India has some pretty un necessary military adventures like ICBMS. Who you gonna hit with those? Hawaii and start pearl harbour 2.0? Russia and become a toasted marshmallow? Liberia? Israel? A single Agni V costs 5m dollars. Imagine if you diverted that money to the poor of the country (inequality is very high) how much it would improve their situation?

Military adventures will actually trash the Indian economy, they already kind of are.

And I rest my case...

 

[raja786]

We will take all your wealth and enslave all Bollywood fake beauties.

 

[Han Patriot]

less than CHINA guaranteed

Hahahaha why ya so triggered mate. We have 3 trillion reserve and 1 trillion debt. You have 550bil debt and 500bil reserves. Lol

 

[Archie]

India's external debt: USD 543 billion
View attachment 638152
https://tradingeconomics.com/india/external-debt

Out of that
Sovereign Debt is only 120 Billion USD
Indian Government will not use its Forex Holdings to pay off Debt of Some private companies

 

[Prince Kassad]

Lets loan Pakistan $15 bill on humanitarian grounds

 

[Yaseen1]

russia is also sitting on more than indian reserves and have much less population but that not make them economic power

 

[Protest_again]

GDP / capita is $1800?

it's actually $2200. Meanwhile it is $1450 for Pakistan. Lol

Out of that
Sovereign Debt is only 120 Billion USD
Indian Government will not use its Forex Holdings to pay off Debt of Some private companies

Don't go bursting their propaganda. India's external public debt is only 20% of its total external debt while the same is 80% in case of Pakistan. Lol.

 

[Raghav_101]

it's actually $2200. Meanwhile it is $1450 for Pakistan. Lol


Don't go bursting their propaganda. India's external public debt is only 20% of its total external debt while the same is 80% in case of Pakistan. Lol.

Stop comparing us with Pakistan. Come on. Bangladesh has trumped them in Economy.

 

[vi-va]

Out of that
Sovereign Debt is only 120 Billion USD
Indian Government will not use its Forex Holdings to pay off Debt of Some private companies

It's the same. Debt is debt, no matter it's sovereign debt, or private debt. When repayment is needed, it will be paid in USD.

 

[MayaBazar]

What are the advantages of foreign exchange reserves?
The most important advantage of a high level of foreign exchange reserves is that it can allow import of essentials such as food. It has been observed by some people that reserves that can finance 3 months' worth of import bills, is adequate.

India biggest import bill Oil

In spite of being the country with largest population, India is self sufficient with regards to food and electricity

In fact, India exports food grains, dairy and Electricity.

Agriculture Products Export List – 2016 – 2017 – 2018

1. Basmati Rice
2. Non-Basmati Rice
3. Fresh Vegetables
4. Groundnut
5. Fresh Fruits
6. Processed Fruits & Juices
7. Cereal Preparations
8. Guargum
9. Misc Processed Items
10. Alcoholic Beverages
11. Processed Vegetables
12. Dairy Products
13. Other Cereals
14. Pulses
15. Cocoa Products
16. Sheep/Goat Meat
17. Milled Products
18. Floriculture
19. Poultry Products
20. Fruits / Vegetable Seeds
21. Wheat
22. Animal Casings
23. Processed Meat
24. Other Meat

https://makeinbusiness.com/list-25-most-exported-agricultural-products/

India exported 8 BUs of electricity in Apr-Jan period of current financial year

https://energy.economictimes.indiat...jan-period-of-current-financial-year/74732940

 

[Protest_again]

Hahahaha why ya so triggered mate. We have 3 trillion reserve and 1 trillion debt. You have 550bil debt and 500bil reserves. Lol

China's external debt is over 2 trillion. Keep up with the actual figures.