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

[The Maverick]

https://swarajyamag.com/insta/india...erves-rise-by-over-3-billion-to-49004-billion

Guys so much negativity around with Ladakh and Covid 19 I just wanted to confirm Indian foreign exchange reserves are hovering at $500 billion

That is ABSOLUTELY huge for a nation depicted in bad publicity

Do not under estimate how powerful india is becoming global

The 5th largest GDP on the plant at $3trillion and a huge bank balance

BRING this back to defense if india has to fight CHINA it has the means and the money to do it

I actually think india is punching way below its real military and industrial strength.

Yes there is poverty
YES e have infrastructure issues
Yes there is corruption

BUT by god we are in such a STRONG position to GET this right

Usa and European banks all predict Indian GDP to be $5 trillion by 2025 I thnk its optimistic but 2027 I think its pretty much guranteed evenm a short war wont stop it

As for the forex in 2015 its was barely $300 billion today its $500 billion or just under
So by 2025 I think $700 billion is realistic provided rupee remains in the 70s to dollar

Its good be proud and confident

 

[The Maverick]

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

 

[HttpError]

Well, that is definitely some good money to brag about. Congrats to you guys.

 

[American Pakistani]

What's the point of sitting on something which can't help public. Lol

A rich govt and military controlling poor public.

 

[Gandhi G in da house]

Yaar I dont have much knowledge of economics. Can someone explain in lay man terms how having huge Forex reserves helps a country ?

 

[Han Patriot]

https://swarajyamag.com/insta/india...erves-rise-by-over-3-billion-to-49004-billion

Guys so much negativity around with Ladakh and Covid 19 I just wanted to confirm Indian foreign exchange reserves are hovering at $500 billion

That is ABSOLUTELY huge for a nation depicted in bad publicity

Do not under estimate how powerful india is becoming global

The 5th largest GDP on the plant at $3trillion and a huge bank balance

BRING this back to defense if india has to fight CHINA it has the means and the money to do it

I actually think india is punching way below its real military and industrial strength.

Yes there is poverty
YES e have infrastructure issues
Yes there is corruption

BUT by god we are in such a STRONG position to GET this right

Usa and European banks all predict Indian GDP to be $5 trillion by 2025 I thnk its optimistic but 2027 I think its pretty much guranteed evenm a short war wont stop it

As for the forex in 2015 its was barely $300 billion today its $500 billion or just under
So by 2025 I think $700 billion is realistic provided rupee remains in the 70s to dollar

Its good be proud and confident

How much foreign debt?

 

[The Maverick]

How much foreign debt?

less than CHINA guaranteed

 

[arjunk]

https://swarajyamag.com/insta/india...erves-rise-by-over-3-billion-to-49004-billion

Guys so much negativity around with Ladakh and Covid 19 I just wanted to confirm Indian foreign exchange reserves are hovering at $500 billion

That is ABSOLUTELY huge for a nation depicted in bad publicity

Do not under estimate how powerful india is becoming global

The 5th largest GDP on the plant at $3trillion and a huge bank balance

BRING this back to defense if india has to fight CHINA it has the means and the money to do it

I actually think india is punching way below its real military and industrial strength.

Yes there is poverty
YES e have infrastructure issues
Yes there is corruption

BUT by god we are in such a STRONG position to GET this right

Usa and European banks all predict Indian GDP to be $5 trillion by 2025 I thnk its optimistic but 2027 I think its pretty much guranteed evenm a short war wont stop it

As for the forex in 2015 its was barely $300 billion today its $500 billion or just under
So by 2025 I think $700 billion is realistic provided rupee remains in the 70s to dollar

Its good be proud and confident

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.

 

[OldenWisdom...قول بزرگ]

Yaar I dont have much knowledge of economics. Can someone explain in lay man terms how having huge Forex reserves helps a country ?

Imports... you need forex to import stuff i.e. oil...
And maintain currency value.

 

[Aspen]

Great, have fun with all that money

 

[Arulmozhi Varman]

Mm op op

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.

Quite rich coming from a Pakistani.

 

[arjunk]

Mm op op

Quite rich coming from a Pakistani.

Who was claiming to be a superpower by 2020?

 

[Pakistan Space Agency]

Don't forget to also list India's half-a-trillion dollar external debt.

 

[Arulmozhi Varman]

Who was claiming to be a superpower by 2020?

Was there any official policy document released by GoI saying India should become Super power by 20'? That was the wishes of our old beloved man and his dreams. Which we Indians didn't fulfill.
So yes coming from a Pakistani negotiating another 15B dollars probably to pay the salaries of Faujis it's pretty rich.

 

[TNT]

Funny how indians think money will win them wars.