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

[Musings]

So many delusional Indians.

Indias economy in a deep sense of coma and the little goblins sitting behind the keyboards in Indian call centers want us to believe they are a world economic superpower. Keep believing your press and government - we the sane society know the reality of the situation.

Lockdown has completely flat lined them.

 

[kris]

If they do file bankruptcy, India has 2 options:

1. Let them die. Unemployment. Foreign loaner get a share of private companies' assets.
2. Let them breath, save their a$$ with India foreign exchange reserve. Save employment.

In option 1, those assets may be sold and foreign loaner can still get part of their money back in USD, which reduce India foreign exchange reserve. and India government has to clean the mess of unemployment.

In option 2, it's the same as sovereign debt, except with much higher interest rate. And it's unfair to other companies if government decide not to save. It's dilemma.

As I said, debt is debt, there is no easy way to get rid of debt. No matter it's private debt or sovereign debt.

Many companies (even foreign) filed for bankruptcy when they failed to compete with the tough market in india. I don't remember govt paying

 

[American Pakistani]

lol, exactly in case of pakistan state.
you must question your army cum government you know

Our army voluntarily reduced its budget last year. Your army purchased billions of $ stuff almost 5 time the budget of Pak military.

 

[kris]

Lol. it was once 4 trillion remember. It took only 2 years to come back to $3 trillion. It could only take a year for another trillion to disappear(given China virus). So please be humble otherwise you might have to eat your words in near future.

Also what was the point of your comment? That China is stronk than India, then of course we are not idiots to deny that. Lol.

I think they themselves want to get rid of us dollar because of uncertainty

The official figures for the 2019 GDP per capita figures have not been released yet. You have clicked on the projected figures. Here are the official confirmed GDP per capita data:

https://data.worldbank.org/indicator/NY.GDP.PCAP.CD

india's GDP per capita is 1.37× greater than that of Pakistan. You need to have a greater GDP per capita of a factor of 4.8x before the economic difference is too great to be bridged within 30-50 years. That means india's GDP per capita has to increase by more than 340% and Pakistan's has to decrease by 10% before the economic gap is unbridgeable. Between 1950-2006, Pakistan had a higher GDP per capita than india. Between 2007-present, india's GDP per capita has been higher. With the WOT finishing, CPEC and the emergence of other similar initiatives, within 10 to 20 years, Pakistan's economic growth will increase exponentially and most likely propel it to economic heights never witnessed before in Pakistan.

Where did you get this 30-50 year from??

You are neck deep in WOT, no signs of recovery any soon.

Second indian economy also grows but due to sheer size difference in number will be seen as huge.

Don't expect any magics for an year or so looking at current scenario

 

[PAKISTANFOREVER]

I think they themselves want to get rid of us dollar because of uncertainty


Where did you get this 30-50 year from??

You are neck deep in WOT, no signs of recovery any soon.

Second indian economy also grows but due to sheer size difference in number will be seen as huge.

Don't expect any magics for an year or so looking at current scenario

WOT is ending as the americans are pulling out of Afghanistan and trying to solve their domestic problems. That is a HUGE boon for Pakistan and our economy. That's not even including CPEC and other similar initiatives. american plans to do to us what they did to Iraq and Afghanistan have failed miserably. After nearly 20 years, Pakistan is on the rise again.

 

[Imran Khan]

how much is debt of india tonight ?????????

 

[kris]

WOT is ending as the americans are pulling out of Afghanistan and trying to solve their domestic problems. That is a HUGE boon for Pakistan and our economy. That's not even including CPEC and other similar initiatives.

I am ok with your views, but where did you get the 30-50 year gap etc

 

[Han Patriot]

Lol. Gold is also counted as forex you know.

No gold is gold reserve, forex is forex reserve,and guess hw much we have. Lol

Indian reserve can even last a couple of months in a dollar trading system

 

[Protest_again]

No gold is gold reserve, forex is forex reserve,and guess hw much we have. Lol

Lol. That 3 trillion includes your gold you idiot. That was my point, geez.

Foreign exchange reserves include foreign banknotes, foreign bank deposits, foreign treasury bills, and short and long-term foreign government securities, as well as gold reserves, special drawing rights (SDRs), and International Monetary Fund (IMF) reserve positions.


I cannot spoon feed you dumbo.

 

[Han Patriot]

Lol. That 3 trillion includes your gold you idiot.

https://en.m.wikipedia.org/wiki/Foreign-exchange_reserves_of_China

No genius, it does not. Lol

 

[Protest_again]

https://en.m.wikipedia.org/wiki/Foreign-exchange_reserves_of_China

No genius, it does not. Lol

Lol. Foreign exchange reserves are counted the same way world over. Please get educate yourself. Don't rely on wikipedia info.

Foreign exchange reserves include foreign banknotes, foreign bank deposits, foreign treasury bills, and short and long-term foreign government securities, as well as gold reserves, special drawing rights (SDRs), and International Monetary Fund (IMF) reserve positions.

 

[Han Patriot]

Lol. Foreign exchange reserves are counted the same way world over. Please get educate yourself. Don't rely on wikipedia info.

I don't know what world u are living in because China don't even declare our official gold reserves annually. Its called Forex reserve for a reason right... Lol

Lol. That 3 trillion includes your gold you idiot.

Apparently you do not know what is Bretton Woods? After 1971 nobody need to have gold reserves to trade genius.

 

[Protest_again]

I don't know what world u are living in because China don't even declare our official gold reserves annually. Its called Forex reserve for a reason right... Lol


Apparently you do not know what is Bretton Woods?

Please don't bother yourself with me. This is my third time posting this.

Foreign exchange reserves include foreign banknotes, foreign bank deposits, foreign treasury bills, and short and long-term foreign government securities, as well as gold reserves, special drawing rights (SDRs), and International Monetary Fund (IMF) reserve positions.

You are just idiotic to quote bretton woods for this.

 

[Han Patriot]

Please don't bother yourself with me. This is my third time posting this.

Foreign exchange reserves include foreign banknotes, foreign bank deposits, foreign treasury bills, and short and long-term foreign government securities, as well as gold reserves, special drawing rights (SDRs), and International Monetary Fund (IMF) reserve positions.

You are just idiotic to quote bretton woods for this.

Bretton Woods require gold as reserve genius, after 1971, nobody uses gold to trade hence only forex reserve. That's why if you go to imf site, it's reserve excluding gold, so all Chinese reserves at 3. 1 trillion is excluding gold. China does not publish annual data on gold reserves, how can u even quantify it genius?

 

[TNT]

Without money you can't be a genuine military machine my friend

Money is the first thing you need to be military powerful.

Money will make u a military machine but still u cant win war with it. I guess Afghanistan with broke taliban and most rich military in world US and NATO are good examples to learn from.