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

[Protest_again]

I just sent you the official website for Safe, inside it included the composition of our reserves, and imf always quote forex reserves excluding gold because gold is not used for trading anymore.

Okay. I am sorry. I didn't see the link before. I apologise. No hard feelings.

 

[ohmrlobalobayeh]

Okay. I am sorry. I didn't see the link before. I apologise. No hard feelings.

That's right, now u look more dignified walking down the steps of the stage

 

[PAKISTANFOREVER]

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

Jean Monnet, the first president and founder of the EU (previously referred to as the EEC) made this claim in the 1970s. He was also a key economic advisor to the West German government after World War 2. Monnet claimed in his opening speech at the EEC forum that in order to economically surpass a nation for at least 30 years, you will need to have a GDP per capita that is at least 4.8-5.0x greater (480% to 500%) than the competing nation for AT LEAST 10 years in order to have an unbridgeable economic gap with that nation for at least 30 to 50 years. This was the economic blueprint for the West German government to economically defeat the Soviet union between 1973-1991. I am paraphrasing here. Once I find the full transcript of that speech, I will present it.

 

[The Maverick]

The thread was about Indian force approaching $500 billion

What this means in terms power projection industrial might sustaining arms race or fighting a war in ladakh or Kashmir. Etc.

Let's leave out Chinese forex

 

[ChennaiDude]

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

Gold and India go hand in hand- This is one area you guys are not going to beat India.

Indian households may have accumulated up to 25,000 tonnes of gold, thereby retaining the tag of the world's largest holders of the metal, according to the World Gold Council (WGC).

"We conducted a study two years ago and found the household stocks at around 23,000-24,000 tonnes.
https://www.businesstoday.in/curren...ve accumulated,at around 23,000-24,000 tonnes.

India rarely invests much in gold, as the country operates under a belief that buying gold leads to a deficit. The country currently holds 557.7 tonnes of gold, making up 9.9 percent of the country’s total forex reserve. Ten percent is the generally agreed-upon ideal average, and India is careful to remain right around that mark for maximum diversification.

China is the world’s number one producer of gold, and yet very little of that gold is held in reserve for the country. Instead, most of it is sold and the profit reinvested in the Chinese markets. In the coming years, however, China looks to be expanding its need for gold, to increase its forex percentage above the current 1.7 percent. China currently holds 1,054.1 tonnes of gold in reserve.

https://www.escapehere.com/inspirat...sts much in,the country's total forex reserve.

The debate is not whether Indian reserves include gold because it can. The debate is whether the 3.1 trillion Chinese forex reserves include gold, because it does not. If you include gold total RESERVES of both forex and gold is 3.2 trillion.

China's FOREX does include Gold.
https://www.reuters.com/article/us-...reserves-fall-to-3-107-trillion-idUSKBN20U07L

China’s foreign exchange reserves fell less than expected in February as the yuan weakened on fears over the fast spreading coronavirus epidemic and its severe impact on economic activity.

The country’s foreign exchange reserves - the world’s largest - fell $8.779 billion in February to $3.107 trillion, central bank data showed on Saturday.

Economists polled by Reuters had expected reserves would fall by $15.497 billion to $3.100 trillion, likely due to fluctuations in global exchange rates and the prices of foreign bonds that China holds.

 

[Arulmozhi Varman]

The thread was about Indian force approaching $500 billion

What this means in terms power projection industrial might sustaining arms race or fighting a war in ladakh or Kashmir. Etc.

Let's leave out Chinese forex

Almost nothing. How's Forex is used in terms of power projection is beyond me? Switzerland holds more reserves than us. It will not help domestic budget except for various grants and loans for development projects given to states govt from WB and ADB.
India is building her forex for some obvious reasons. For any developing economy imports should be high as they import raw material and machinery for export. I would be really worried if imports go down at this point of time for India quantity wise. When our total trade is around 1.5 T then we should go for higher exports. In that case we will start having net positive Forex reserves in actual sense. Our total trade including services is around 900B as of now. To give an perspective China and Japan have a 2 way trade of 600B.

 

[kris]

Jean Monnet, the first president and founder of the EU (previously referred to as the EEC) made this claim in the 1970s. He was also a key economic advisor to the West German government after World War 2. Monnet claimed in his opening speech at the EEC forum that in order to economically surpass a nation for at least 30 years, you will need to have a GDP per capita that is at least 4.8-5.0x greater (480% to 500%) than the competing nation for AT LEAST 10 years in order to have an unbridgeable economic gap with that nation for at least 30 to 50 years. This was the economic blueprint for the West German government to economically defeat the Soviet union between 1973-1991. I am paraphrasing here. Once I find the full transcript of that speech, I will present it.

Thanks

 

[El Sidd]

India is choking on it.

 

[lonelyman]

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

why this is something to brag about while 95% wealth is controlled by 50 families and your farmer kill themselves in droves

 

[Nefarious]

Peanuts for country of Indias size and population

 

[MM_Haider]

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.

FYI India has 70% Debt to GDP ratio + India is highest loan taker in last 70 years

friggin Beggars...

 

[xuxu1457]

Foreign exchange reserves generally do not contain gold, gold is not foreign exchange.

 

[Han Patriot]

Gold and India go hand in hand- This is one area you guys are not going to beat India.

Indian households may have accumulated up to 25,000 tonnes of gold, thereby retaining the tag of the world's largest holders of the metal, according to the World Gold Council (WGC).

"We conducted a study two years ago and found the household stocks at around 23,000-24,000 tonnes.
https://www.businesstoday.in/current/economy-politics/indian-households-have-stocked-up-to-25000-tonnes-of-gold-world-gold-council/story/348598.html#:~:text=Indian households may have accumulated,at around 23,000-24,000 tonnes.

India rarely invests much in gold, as the country operates under a belief that buying gold leads to a deficit. The country currently holds 557.7 tonnes of gold, making up 9.9 percent of the country’s total forex reserve. Ten percent is the generally agreed-upon ideal average, and India is careful to remain right around that mark for maximum diversification.

China is the world’s number one producer of gold, and yet very little of that gold is held in reserve for the country. Instead, most of it is sold and the profit reinvested in the Chinese markets. In the coming years, however, China looks to be expanding its need for gold, to increase its forex percentage above the current 1.7 percent. China currently holds 1,054.1 tonnes of gold in reserve.

https://www.escapehere.com/inspiration/10-countries-with-the-largest-gold-reserves/#:~:text=India rarely invests much in,the country's total forex reserve.


China's FOREX does include Gold.
https://www.reuters.com/article/us-...reserves-fall-to-3-107-trillion-idUSKBN20U07L

China’s foreign exchange reserves fell less than expected in February as the yuan weakened on fears over the fast spreading coronavirus epidemic and its severe impact on economic activity.

The country’s foreign exchange reserves - the world’s largest - fell $8.779 billion in February to $3.107 trillion, central bank data showed on Saturday.

Economists polled by Reuters had expected reserves would fall by $15.497 billion to $3.100 trillion, likely due to fluctuations in global exchange rates and the prices of foreign bonds that China holds.

I already explained to your pal, I am lazy to retype again.

View attachment 638463 Foreign exchange reserves generally do not contain gold, gold is not foreign exchange.

It's useless to explain to Indians, they just don't listen.

 

[ChennaiDude]

I already explained to your pal, I am lazy to retype again.


It's useless to explain to Indians, they just don't listen.

We are not controlled/programmed by the CCP to just shut up and listen- Also as a compliment to the hard working comrades of yours- you are the first Chinese who I have come across as lazy.

 

[nahtanbob]

Funny how indians think money will win them wars.

lack of money will cause you to lose a war

That is factually incorrect. Pakistan's GDP per capita is $1482 and india's is $2010:

https://data.worldbank.org/indicator/NY.GDP.PCAP.CD?locations=BM

based on what exchange rate - Pakistani rupee has been wildly changing on a relative basis