India will suffer the biggest GDP loss globally, (GDP) loss of 11 percent , says S&P

[Vikram1]

Indian external debt is around 500bil and reserves are roughly the same. That's why India is constantly looking for dollars to sustain imports.

And how much from that 500 billion is on Government? I know you deliberately hide that figure.
Or private debt is also government responsibility as per CCP logic?

 

[Han Patriot]

And how much from that 500 billion is on Government? I know you deliberately hide that figure.
Or private debt is also government responsibility as per CCP logic?

It doesn't matter if its private or government, your companies are still gonna use the dollars to pay back their debt. They are gonna exchange whatever meagre reserves you have to pay it back. Lol

 

[Pakistan Space Agency]

Indian external debt is around 500bil and reserves are roughly the same. That's why India is constantly looking for dollars to sustain imports.

$559 billion

But don't worry, they have reserves for all their problems.

 

[maxpayne]

Thank u modi

 

[Arulmozhi Varman]

This is where democracy will do wonders for the Indians.

Bad economy? We're a democracy.
Corruption untamed? We're a democracy.
Poor infrastructure? We're a democracy.
Everyone says sh!t no one listens? We're a democracy.

They will just put the blame on someone else, elect a new sucker and move on

Even when you folks were under dictatorships things didn't change much regarding going to IMF.

 

[Vikram1]

It doesn't matter if its private or government, your companies are still gonna use the dollars to pay back their debt. They are gonna exchange whatever meagre reserves you have to pay it back. Lol

Haha I got your point. Private dept is government responsibility as per CCP logic.

 

[Han Patriot]

Haha I got your point. Private dept is government responsibility as per CCP logic.

Again you do not understand. It doesn't matter if its private or government. Both need dollars to pay it back (majority) if its external debt and both will need to tap the national dollar reserve to pay it.

 

[Kyusuibu Honbu]

Now India needs a drought so a huge famine can set in.

India already did

It was called the Great Leap

 

[Han Patriot]

India already did

It was called the Great Leap

Leaping into the Galwan River does not count bhai. One big locust attack plus the Chennai style drought.

 

[Figaro]

Looks like the 5 times larger Chinese economy will becomes 6 times larger at the end of this year lol ... Jai Hind .

 

[FuturePAF]

Again you do not understand. It doesn't matter if its private or government. Both need dollars to pay it back (majority) if its external debt and both will need to tap the national dollar reserve to pay it.

This is similar to what happened to Latin American countries in the 80s/90s. Requiring large cuts to public spending and social unrest. A decade or more of austerity maybe what comes next, along with a decrease in standard of living and low economic growth as debt is restructured.

 

[Vikram1]

Again you do not understand. It doesn't matter if its private or government. Both need dollars to pay it back (majority) if its external debt and both will need to tap the national dollar reserve to pay it.

Need national/government dollar reserve to pay private debt?
You are really a funny man.

 

[casual]

Indian governmental debt is fine for now. It's the budget deficit that is crazy. Economists were estimating Indian budget deficit to be 7-8% of GDP this fiscal year which is already crazy but is for sure going to go up significantly even more.

 

[Pakistan Space Agency]

Even when you folks were under dictatorships things didn't change much regarding going to IMF.

Why can't India pay off its debt to the IMF?

 

[大汉奸柳传志]

Need national/government dollar reserve to pay private debt?
You are really a funny man.

where do you think private companies go when they need to exchange INR for USD? a black market?

you r the funny one here