The chinese on this forum claim to be in possession of higher IQ but their post are always pedestrian.On this forum due to diversity of people you can always learn from others.The americans mainly Gambit & Chogy and to large extent both Indians and pakistanis like Antibody,Spark are few examples.The discussion on defence technology and economics are generally of good quality if you ignore trolls and despodents.But chinese never fail to amaze me by their collective stupidity.for nearly 20hrs that i have spent on pdf i have not found even a single analytical,objective and informative post written by chinese with facts to back up ( Though the are expert at peddling shitty theories on microwaves disabling nukes).This makes me wonder that what does the abbreviation IQ stand for chinese and from the intelligence level of chinese on this forum it must be Idiotic quotient.Chinese seems to suffer from some kind of genetic abnormality which makes all of them Dumb.Or wait these are not actually capable chinese.they are pet slaves of CCP who makes posts for sake of their 50 Cents.I make open offer to chinese like fair and unbaised,gpit,
astro train and hongwu to migrate to India.They could be employed as garbage collectors here.It would certainly suit them at their psyche is also garbage.
http://en.wikipedia.org/wiki/50_Cent_Party
http://www.huffingtonpost.com/usha-haley/chinas-fifty-cent-party-f_1_b_749989.html
http://itmanagement.earthweb.com/co...w-Chinas-50-Cent-Army-Could-Wreck-Web-20.html
http://www.realclearworld.com/blog/2011/09/chinese_tv_reveals_internet_pr.html
http://books.google.co.in/books?id=...=rZNrlTGkvyGJ4K4cuWshQlSLOEY&hl=en&ei=U_LdTqL
http://chinadigitaltimes.net/china/internet-commentators/
http://www.dw-world.de/dw/article/0,,5213487,00.html
The current thread is an example that of chinese who know zlich about economics after being handed over a memo by their CCP masters trying to pretend to be educated.
The Consolidated debt(Centre + State) level of India was at a concerning level of 78.8% of GDP at the end of March 2010(13th Finance commission),the basis on which the report concerning this thread was written.
However for determining vulnerability of Public Debt following criteria's are to be taken into account
1.Composition
2.Refinancing requirement
3.Investor Base
The attributes of central public Debt,which place it in a distinct class,making it less vulenrable to that of Eurozone are
1.The share of Sovereign public debt in total public debt was 10.8% at the end-september 2010.The bulk of Debt was from multilateral and bilateral and FII investment in Government securities accounted for less than 1% of total public debt.
2.India does not access international capital market as a sovereign entity thus refinancing risk due to foreign commercial investors are absent.
3.Domestic Debt accounts for 89.2% of total government sovereign debt.Out of this 11.5% is in form of non-marketable categories like NSS.The remaining 77.7% are marketable securities with 73.2% in date securities(long term) and 4.3% in T-Bills.
4.In dated securities banks have 51.9%,Insurance companies(mainly LIC) 22%.Given the high SLR ratio requirement for banks and the fact that majority of Banks and Insurance companies remains in Public sector,refinancing risk is minimal at best.
5.Average maturity of GoI bonds is 10 yrs,making it less vulnerable to refinancing risk.
Thus Indian debt is much more secure than Eurodebt.
for statistics:
http://indiabudget.nic.in/es2010-11/estat1.pdf
