Indian Rupee dives a new record low against dollar

[BHarwana]

This is very bad and very sad news

https://twitter.com/x/status/1049661229185359872

 

[BHarwana]

This is very bad and very sad

Modi is try every thing but Indian Rupee is not stabilizing. It is going down the drain.

Very bad and very sad news for Indian economy.

After all what can you expect he is just a chiawala and not an expert.

https://twitter.com/x/status/1050013076571992064

 

[xyxmt]

This is very bad and very sad

Modi is try every thing but Indian Rupee is not stabilizing. It is going down the drain.

Very bad and very sad news for Indian economy.

After all what can you expect he is just a chiawala and not an expert.

https://twitter.com/x/status/1050013076571992064

NRI se chunda mangain gye kya rupee stabalize kerney ke lye



If words can bounce back and slap your own face...this would be the occasion

 

[BHarwana]

NRI se chunda mangain gye kya rupee stabalize kerney ke lye



If words can bounce back and slap your own face...this would be the occasion

Supper power of beggar lol.

Karma

 

[Nilgiri]

More no name people like IMF that don't know what they are talking about compared to illiterate tomato farmer:

India's debt lower than best, emerging market economies: IMF

https://timesofindia.indiatimes.com...market-economies-imf/articleshow/66147158.cms

WASHINGTON: India's debt is lower than the best or emerging market economies in the world, a top IMF official has said as he cautioned that the global debt has reached a new record high of $182 trillion in 2017.

Vitor Gasper, International Monetary Fund (IMF) director of fiscal affairs department, said India's debt was substantially less than the global debt as percentage of world gross domestic product (GDP).

In India, private debt in 2017 was 54.5 per cent of the GDP and the general government debt was 70.4 per cent of the GDP, a total debt of about 125 per cent of the GDP, according to the latest IMF figures. In comparison, debt of China was 247 per cent of the GDP.

"So, it (India's debt) is substantially less than the global debt as percentage of world GDP," Gasper told PTI.

India's debt is below the average of advanced economies and below the average of emerging market economies, he said. World debt hits record $164 trillion as crisis hangover lingers

"There is a positive relation between the debt to GDP ratio and the level of GDP per capita. If you compare around the world with the best economies or emerging market economies, the level of debt in India is lower," the top IMF official said.

The IMF is very much stressing that global debt at $182 trillion in 2017 is at a new record high, he said.

Debt in advanced economies, since the global financial crisis, has increased quite substantially while the private sector has been very gradually leveraging, he added.

"If you look at emerging market economies, that includes India, you see that private debt in the last 10 years has increased quite substantially, although in the last two years, since the end of 2015, 2016 and 2017, there is a slowdown in the process of leveraging, but debt is very high and public debt is a very high as well," Gasper said.

In the last few years in India private debt has declined from almost 60 per cent to 54.5 per cent.

"So, it's very stable. So, what you do see is that emerging market economies, which is where India is, there's a very fast buildup in private debt with a slowdown in the last two years, But India is basically steady. So, India is not an emerging market economy where leveraging is progressing fast," Gasper said.

According to Gasper, in emerging market economies private debt has risen much faster than public debt.

"Take China, for example. Total debt is 247 per cent of the GDP. But the dividing line between what is public and private debt in China is blurry. This blurriness reflects the very large number of public units and corporations, the complex layers of government, and widespread subnational off-budget borrowing," he said.

"As a result, estimates of 2017 public debt vary considerably: the official government debt figure is 37 per cent of GDP, while the data reported in the latest World Economic Outlook show it at 47 per cent of GDP, and the 'augmented' debt measure, which includes more off budget borrowing by local governments, stands at 68 per cent of GDP," he said.

As China works to compile a full general government balance sheet, this picture will come into clearer focus, he added. Gasper said China had substantial government assets, reflecting years of high infrastructure investment.

These assets are larger than its liabilities, putting net worth — the difference between assets and liabilities — well above 100 per cent of the GDP, the highest among emerging economies, he said.

"This is a significant buffer when compared to total debts of public corporations, particularly considering that public corporations also have assets. So, while debt-related risks in China are large, there are also buffers. Moreover, the government is taking steps to contain risks by reining in off-budget borrowing and strengthening oversight, resulting in a slowdown in the buildup of debt," he said.

 

[xyxmt]

More no name people like IMF that don't know what they are talking about compared to illiterate tomato farmer:

India's debt lower than best, emerging market economies: IMF

https://timesofindia.indiatimes.com...market-economies-imf/articleshow/66147158.cms

WASHINGTON: India's debt is lower than the best or emerging market economies in the world, a top IMF official has said as he cautioned that the global debt has reached a new record high of $182 trillion in 2017.

Vitor Gasper, International Monetary Fund (IMF) director of fiscal affairs department, said India's debt was substantially less than the global debt as percentage of world gross domestic product (GDP).

In India, private debt in 2017 was 54.5 per cent of the GDP and the general government debt was 70.4 per cent of the GDP, a total debt of about 125 per cent of the GDP, according to the latest IMF figures. In comparison, debt of China was 247 per cent of the GDP.

"So, it (India's debt) is substantially less than the global debt as percentage of world GDP," Gasper told PTI.

India's debt is below the average of advanced economies and below the average of emerging market economies, he said. World debt hits record $164 trillion as crisis hangover lingers

"There is a positive relation between the debt to GDP ratio and the level of GDP per capita. If you compare around the world with the best economies or emerging market economies, the level of debt in India is lower," the top IMF official said.

The IMF is very much stressing that global debt at $182 trillion in 2017 is at a new record high, he said.

Debt in advanced economies, since the global financial crisis, has increased quite substantially while the private sector has been very gradually leveraging, he added.

"If you look at emerging market economies, that includes India, you see that private debt in the last 10 years has increased quite substantially, although in the last two years, since the end of 2015, 2016 and 2017, there is a slowdown in the process of leveraging, but debt is very high and public debt is a very high as well," Gasper said.

In the last few years in India private debt has declined from almost 60 per cent to 54.5 per cent.

"So, it's very stable. So, what you do see is that emerging market economies, which is where India is, there's a very fast buildup in private debt with a slowdown in the last two years, But India is basically steady. So, India is not an emerging market economy where leveraging is progressing fast," Gasper said.

According to Gasper, in emerging market economies private debt has risen much faster than public debt.

"Take China, for example. Total debt is 247 per cent of the GDP. But the dividing line between what is public and private debt in China is blurry. This blurriness reflects the very large number of public units and corporations, the complex layers of government, and widespread subnational off-budget borrowing," he said.

"As a result, estimates of 2017 public debt vary considerably: the official government debt figure is 37 per cent of GDP, while the data reported in the latest World Economic Outlook show it at 47 per cent of GDP, and the 'augmented' debt measure, which includes more off budget borrowing by local governments, stands at 68 per cent of GDP," he said.

As China works to compile a full general government balance sheet, this picture will come into clearer focus, he added. Gasper said China had substantial government assets, reflecting years of high infrastructure investment.

These assets are larger than its liabilities, putting net worth — the difference between assets and liabilities — well above 100 per cent of the GDP, the highest among emerging economies, he said.

"This is a significant buffer when compared to total debts of public corporations, particularly considering that public corporations also have assets. So, while debt-related risks in China are large, there are also buffers. Moreover, the government is taking steps to contain risks by reining in off-budget borrowing and strengthening oversight, resulting in a slowdown in the buildup of debt," he said.

these kind of statements are dime a dozen

 

[Nilgiri]

these kind of statements are dime a dozen

Are they dime a dozen when you run to them for bailout?

@Roybot @ranjeet @Robinhood Pandey @Retired Troll @VCheng

 

[El Sidd]

Are they dime a dozen when you run to them for bailout?

@Roybot @ranjeet @Robinhood Pandey @Retired Troll @VCheng

I actually have a bet going on recession in India in next 5 years.

Odds arent that Great to be honest.

But money well invested

 

[xyxmt]

Are they dime a dozen when you run to them for bailout?

@Roybot @ranjeet @Robinhood Pandey @Retired Troll @VCheng

yes just like US Embassador says no chance of sanction on India for S400 deal, India rupee keep going down faster and faster, there are certain things that are said by these people just to make a country stable...more statements like these come out in favor of a country means deeper shit that country is in. Why did he need to give this assurance is the million dollar question.

@Roybot @ranjeet @Robinhood Pandey @Retired Troll @VCheng wont be able to help India

 

[Nilgiri]

yes just like US Embassador says no chance of sanction on India for S400 deal, India rupee keep going down faster and faster, there are certain things that are said by these people just to make a country stable...more statements like these come out in favor of a country means deeper shit that country is in. Why did he need to give this assurance is the million dollar question.

@Roybot @ranjeet @Robinhood Pandey @Retired Troll @VCheng wont be able to help India

Yeah just statements, lets not look at the actual inconvenient hard data that backs it:

https://blogs.worldbank.org/opendata/are-south-asian-countries-sinking-debt-trap

 

[VCheng]

yes just like US Embassador says no chance of sanction on India for S400 deal, India rupee keep going down faster and faster, there are certain things that are said by these people just to make a country stable...more statements like these come out in favor of a country means deeper shit that country is in. Why did he need to give this assurance is the million dollar question.

@Roybot @ranjeet @Robinhood Pandey @Retired Troll @VCheng wont be able to help India

Careful now buddy, you don't want to rub it in too much. I am sure both currencies will stabilize against the dead USD any day now.

 

[BHarwana]

Dear Indians get ready today is going to be a very bad and sad day for your stock markets.

 

[Novice09]

I actually have a bet going on recession in India in next 5 years.

Odds arent that Great to be honest.

But money well invested

Pull out your money if... if Mr. Modi wins 2019 election...

If not, you may carry on with your Gamble...

Dear Indian get ready today is going to be a very bad and sad day for you stock markets.

Thank you... please also give us a list of shares which will go down... I'm looking forward to your trick...

 

[BHarwana]

Good morning India and welcome to today's economic blood bath. My bear claws are sharp and bulls will get slaughter today.

Very bad and very sad day for Indian economy. Asia's worst performing currency make a new record low already and sensex all set to drown

https://twitter.com/x/status/1050228714863095809

This is very bad and very sad for collapsing Indian economy.

@SunilM @Novice09 very depressing situation for India.

Lol sensed down 700 points on opening



Indian economy going down the drain today lol

https://twitter.com/x/status/1050227666400493568

Very bad and very sad

Where are the Indian economist now?

https://twitter.com/x/status/1050231604361289729

It is going down more. Sensex lost 1000 points just at opening and further going down every second.
@PakSword
Very bad and very sad

https://twitter.com/x/status/1050232071451361280

 

[BHarwana]

Dear India stay ready for a very bad and very sad day