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India's external debt baloons to $513 billion

Stop deflecting.
I didn't. That's on point brah! Answers to the title.
The government is fascist or not? Or every state has different ideologies?
Central government is ruled by a Hindu-right wing group and yet to see becoming fascist.

And I live in a Communist-ruled state. Communist leads debts to $2 Billion.
 
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I didn't. That's on point brah! Answers to the title.

Central government is ruled by a Hindu-right wing group and yet to see becoming fascist.

And I live in a Communist-ruled state. Communist leads debts to $2 Billion.

First

Lol

And

Second

What is your definition of going fascist from just being right or left? You seem quite a confident one.
 
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First

Lol

And

Second

What is your definition of going fascist from just being right or left? You seem quite a confident one.
I would like to know your definition of fascists. Looks like you've been confusing them with far right.
 
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Also India is a 2.5 trillion $ economy 500 billion debt is manageable
That's external debt not total debt.
India's forex reserves rise to life-time high of $424 billion

PTI | Apr 6, 2018, 18:50 IST

HIGHLIGHTS
  • In the previous week, the reserves had increased by $1.197 billion to $422.532 billion
  • The reserves had earlier touched a record high of $421.914 billion on February 9
63645755.jpg

MUMBAI: The country's foreign exchange reserves hit a life-time high of $424.361 billion after rising by $1.828 billion in the week to March 30, helped by rise in foreign currency assets, the Reserve Bank said today.

In the previous week, the reserves had increased by $1.197 billion to $422.532 billion.

Previously, the reserves had touched a record high of $421.914 billion on February 9. It had crossed the $400-billion mark for the first time in the week to September 8, 2017, but has since been fluctuating.

In the reporting week, the foreign currency assets, a major component of the overall reserves, rose by $1.823 billion to $399.118 billion.




Expressed in the US dollar terms, the foreign currency assets include the effect of appreciation or depreciation of the non-US currencies such as the euro, the pound and the yen held in the reserves.

https://timesofindia.indiatimes.com...-high-of-424-billion/articleshow/63645577.cms





Gold reserves remained unchanged at $21.614 billion, the central bank said.
TOP COMMENT
A great news, shows our economy is progressing no doubt, and the demonetization had positive effect, all negativity was misguiding politics of oppositionRahul Deshmukh
$424 billion compared to $513 billion external debt. Not sure why you think it favours your argument. Bangladesh has forex of $33 billion and external debt less than $26 billion. Forex in relation to external debt is what matters and your external debt is 21% more than your forex reserve.
 
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India's forex reserves rise to life-time high of $424 billion

PTI | Apr 6, 2018, 18:50 IST

HIGHLIGHTS
  • In the previous week, the reserves had increased by $1.197 billion to $422.532 billion
  • The reserves had earlier touched a record high of $421.914 billion on February 9
63645755.jpg

MUMBAI: The country's foreign exchange reserves hit a life-time high of $424.361 billion after rising by $1.828 billion in the week to March 30, helped by rise in foreign currency assets, the Reserve Bank said today.

In the previous week, the reserves had increased by $1.197 billion to $422.532 billion.

Previously, the reserves had touched a record high of $421.914 billion on February 9. It had crossed the $400-billion mark for the first time in the week to September 8, 2017, but has since been fluctuating.

In the reporting week, the foreign currency assets, a major component of the overall reserves, rose by $1.823 billion to $399.118 billion.

Expressed in the US dollar terms, the foreign currency assets include the effect of appreciation or depreciation of the non-US currencies such as the euro, the pound and the yen held in the reserves.

Gold reserves remained unchanged at $21.614 billion, the central bank said.
TOP COMMENT
A great news, shows our economy is progressing no doubt, and the demonetization had positive effect, all negativity was misguiding politics of oppositionRahul Deshmukh

UBS sees India’s external finances at risk despite high reserves
India’s foreign exchange reserves at $421 billion cover 81% of external debt as of September 2017 and less than 11 months of imports
Last Published: Thu, Mar 22 2018. 02 41 PM IST

rupee-kVCG--621x414@LiveMint.JPG

The rupee is already among the worst performing currencies in Asia this year as foreigners pull money out of bonds and inflows into stocks slow. Photo: Hemant Mishra/Mint

Mumbai:
India’s record foreign exchange reserves somewhat mask the
country’s vulnerability on its external finances. That’s the takeaway from a note by UBS Group AG’s India economist Tanvee Gupta Jain.

Foreign exchange reserves at $421 billion cover 81% of external debt as of September 2017 and less than 11 months of imports. That’s down from 138% of debt before the global financial crisis and 14.4 months of imports in the 2008 fiscal year, respectively, according to the UBS note.

“India remains vulnerable in its external position and risks are rising on the margin,” Jain wrote in the note. “There is no room for complacency and we think policy makers should keep a close watch on monitoring this risk.”

The rupee is already among the worst performing currencies in Asia this year as foreigners pull money out of bonds and inflows into stocks slow. The Federal Reserve’s decision to raise interest rates on Wednesday and forecast a steeper path of hikes in 2019 is putting pressure on emerging-market currencies, like the rupee.

The trade deficit has also ballooned from a year ago and caused the current account deficit to nearly double, while firmer prices for oil—India’s biggest import item—are only set to cloud the outlook.

While gross external debt rose by $86 billion between March 2013 and September 2017, foreign exchange reserves rose $108 billion during the same period. That’s a sign the Reserve Bank of India has been intervening in the currency market to put buffers in place in case the global financial market volatility hits home.

Jain said that when the Federal Reserve indicated tapering in mid-2013, India had the highest outflow from the debt market, to the tune of $8.6 billion, even though equity flow remained positive.

“This time, we believe India is in a relatively better position compared with other emerging markets, since fundamentals are stronger now,” she said. Bloomberg

Live Mint
@Turingsage, what's this?
 
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$424 billion compared to $513 billion external debt. Not sure why you think it favours your argument. Bangladesh has forex of $33 billion and external debt less than $26 billion. Forex in relation to external debt is what matters and your external debt is 21% more than your forex reserve.

Indian debt remain serviceable. you can compare Fitch's credit rating if you want.
 
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yes we are taking loans for various infrastructure projects . And we have $400 billion+ foreign reserves . No need to worry for us .


$400 Billion Reserves(Hot Money) and $513 Billion Debt How Comfortable:rofl::rofl::rofl::rofl:
 
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