Indian Forex Reserves Cross $400 billion for the first time

[RISING SUN]

Thats not a problem if government carries out structural reforms, trouble is with populist steps (like Farm loan waivers) and as RBI warned yesterday with trying to provide a stimulus package. As last decade has shown unless government spending brings in proportionate growth or growth opportunities, stimulus packages almost always backfire in form of mounting debts.

No arguments on this point