India's foreign exchange reserves rises to record $600 billion

[VkdIndian]

RBI stats. India runs a trade deficit every year. How does forex accrue then ? through investments (short term or long term) or borrowings. Who owns investment or borrowings ? the investor or lender. The money may have come to india but it is not owned by india.

It’s a very generalised statement about a very complex economic aspect.
US has a massive trade deficit. So do many developed countries. Are they poor or languishing in any way? There are many other parameters that define these aspects. You seem to stuck one.

List of sovereign states by current account balance - Wikipedia

en.m.wikipedia.org

I am not an expert on the matter but I also doubt your deduction.

There are a lot of social indicators where India needs to work. But discounting Indian foreign exchange reserves with one line also doesn’t appear right to me.

Here is an article that analyses the importance of these reserves.

How Foreign Exchange Reserves Affect You

Foreign exchange reserves are central bank funds used to make sure there's enough foreign currency to pay for imports.

www.thebalance.com

So, those experts who are trying to paint a picture that the reserves in India are of no value can take a breather and relax.

 

[Protest_again]

and about the size of foreign reserve of Hong kong,city of 6 milliin people.

Hong Kong has 1.8 trillion in external debt. Don't act smart.

 

[The Maverick]

Hong Kong has 1.8 trillion in external debt. Don't act smart.

China's national debt is probably 5 trillion dollars but people conveniently forget this it does not digest well

 

[letsrock]

It’s a very generalised statement about a very complex economic aspect.
US has a massive trade deficit. So do many developed countries. Are they poor or languishing in any way? Because there are many other parameters that define these aspects.

List of sovereign states by current account balance - Wikipedia

en.m.wikipedia.org

I am not an expert on the matter but I also doubt your deduction.

There are a lot of social indicators where India needs to work. But discounting Indian foreign exchange reserves with one line also doesn’t appear right to me.

Here is an article that analyses the importance of these reserves.

How Foreign Exchange Reserves Affect You

Foreign exchange reserves are central bank funds used to make sure there's enough foreign currency to pay for imports.

www.thebalance.com

So, those experts who are trying to paint a picture that the reserves in India are of no value can take a breather and relax.

you are too defensive. Forex has value in the sense that money can be used immediately and paid to owners lately. But its still not high quality asset like china has.

 

[The Maverick]

you are too defensive. Forex has value in the sense that money can be used immediately and paid to owners lately. But its still not high quality asset like china has.

what assets are better than 600.billion dollars I cash and gold I'm.all ears

 

[letsrock]

what assets are better than 600.billion dollars I cash and gold I'm.all ears

it is not an asset you tedious indian fool. its a "reserve"

 

[VkdIndian]

you are too defensive.

Yes I am, since I am not an expert. I am happy about the situation but also aware that there are areas where there are battles to be won.
But your approach appears a little aggressive on the matter.

It is good to have a trade surplus. But it is easier said than done. Every government tries it’s best for a surplus but results take time and may not work always in ones favour. While a country works to get a trade surplus, this situation is not as bad as you are making it sound.

The fact that the reserves have increased indicates confidence of world community to pump in this much of money into India. They wouldn’t do it if there was a doubt about the performance of Indian economy or its stability. Isn’t that an important aspect? The assessment that all investors would run away overnight sounds scary but doesn’t happen like that in real life. A country can’t say we wouldn’t accept any FDI etc till we have achieved a trade surplus.

But its still not high quality asset like china has.

Agreed. That’s why I am not going gaga over the reserves, but there is no reason to become sad about it.

It remains an important milestone for which few counties in the same neighbourhood may be ready to give an arm and a leg.

 

[letsrock]

Yes I am, since I am not an expert. I am happy about the situation but also aware that there are areas where there are battles to be won.
But your approach appears a little aggressive on the matter.

It is good to have a trade surplus. But it is easier said than done. Every government tries it’s best for a surplus but results take time and may not work always in ones favour. While a country works to get a trade surplus, this situation is not as bad as you are making it sound.

The fact that the reserves have increased indicates confidence of world community to pump in this much of money into India. They wouldn’t do it if there was a doubt about the performance of Indian economy or its stability. Isn’t that an important aspect? The assessment that all investors would run away overnight sounds scary but doesn’t happen like that in real life. A country can’t say we wouldn’t accept any FDI etc till we have achieved a trade surplus.

Agreed. That’s why I am not going gaga over the reserves, but there is no reason to become sad about it.

It remains an important milestone for which few counties in the same neighbourhood may be ready to give an arm and a leg.

what battles are you going to win? the very idea of india is the battle against which you must win first. It brings so much grief, tragedy, insult and humilation.

 

[Protest_again]

what battles are you going to win? the very idea of india is the battle against which you must win first. It brings so much grief, tragedy, insult and humilation.

A non Indian has no right to speak any of those words. It shouldn't matter to you. You are just obsessed about India and its failings. But it is especially rude coming from someone from Pakistan, which is seen as a pariah in comity of nations. Lol.

 

[VkdIndian]

what battles are you going to win?

Now I see where you were going all this while. Troll with a facade? You started off with a useless theory and displayed your true colours within two posts.

the very idea of india is the battle against which

You do look quite aggrieved. Can’t help with that.

Last known few optimists were creating threads on record remittances of 2 billion USD. For a country that organises a PAWRI on getting such paltry remittances, your comments on Indian reserves are sounding more like tears than anything else. Biggest joke is that this is the biggest source of your reserves. And here you are shooting shit with over confidence.

Let me know when Pakistan reaches a respectable reserve. I wouldn’t even ask about surplus ever.

 

[letsrock]

Now I see where are you going.


You do look quite aggrieved. Can’t help with that.

Last known few optimists were creating threads on record remittances of 2 billion USD. For a country that organises a party on getting such paltry remittances, your comments on Indian reserves are now sounding more like tears than anything else.

Let me know when Pakistan reaches a respectable reserve. I wouldn’t even ask about surplus ever. Because I know.

I am agrrieved ? ask the hundreds of dead bodies dumped on river beds with no last rites nothing. in a land ruled by yogi. You guys are disgusting at every level - other than working for gulf and americans like wage workers, the world generally recoils at your folks attitude.

The false prestige you developed with fake knowledge given by your RSS and brahmins will utlimately bring you more grief.

 

[VkdIndian]

I am agrrieved ?

Yes you are. Just read all your posts and you will see your tears.

The false prestige you developed with fake knowledge given by your RSS and brahmins will utlimately bring you more grief.

Supposedly good English without any meaning.

600 billion USD seems to be hurting some people quite badly. Yes, 600 billion USD is our problem. A mighty one. We acknowledge. We will take care of it.
Don’t shed crocodile tears. Meanwhile take care of your small problem of 16 billion USD reserves. Your partying on getting 2 billion USD remittances gives away all your high horse stance. It also shows what these reserves actually mean to you. In your heart of heart you would love to have these but alas.
Just a reality check for you to keep your mouth shut.

List of countries by foreign-exchange reserves - Wikipedia

en.m.wikipedia.org

Some of the countries above Pakistan are Libya, Peru, Algeria, IRAQ and Guatemala.

Any feeling of shame? I know the answer.

 

[kingQamaR]

Yes you are. Just read all your posts and you will see your tears.

Supposedly good English without any meaning.

600 billion USD seems to be hurting some people quite badly. So 600 billion USD is our problem. A mighty one. We acknowledge. We will take care of it.
Don’t shed any crocodile tears. Meanwhile take care of your small problem of 16 billion USD reserves. Your partying on getting 2 billion USD remittances gives away all your high horse stance. It also shows what these reserves mean to you.
Just a reality check for you to keep your mouth shut.

List of countries by foreign-exchange reserves - Wikipedia

en.m.wikipedia.org

Some of the countries above Pakistan are Libya, Peru, Algeria, IRAQ and Guatemala.

Any feeling of shame? I know the answer.

compare your selves with the poorest Africans and hold your head in shame. Africans are burying there dead with this corvid and not changed them to do anything different! you on the other hand are dumping your dead Indians in to Rivers . and you talk about shame here haha … no lectures from you bots

 

[letsrock]

Yes you are. Just read all your posts and you will see your tears.

Supposedly good English without any meaning.

600 billion USD seems to be hurting some people quite badly. So 600 billion USD is our problem. A mighty one. We acknowledge. We will take care of it.
Don’t shed any crocodile tears. Meanwhile take care of your small problem of 16 billion USD reserves. Your partying on getting 2 billion USD remittances gives away all your high horse stance. It also shows what these reserves mean to you.
Just a reality check for you to keep your mouth shut.

List of countries by foreign-exchange reserves - Wikipedia

en.m.wikipedia.org

Some of the countries above Pakistan are Libya, Peru, Algeria, IRAQ and Guatemala.

Any feeling of shame? I know the answer.

$600 billion - which is an accounting entry couldnt pevent all the horror scenes we have scene in india. Rest of the world managed OK - even poorer countries like pakistan - during covid.
It doesnt matter what money you flaunt - your caste system, your oppression in kashmir, the generelly troll like behaviour means you are seen as disgusting.
you cannot buy your way out of it.

 

[SrNair]

Modi’s and indian people megalomania, destruction of institutions, disdain of experts, and unilateral decision-making have had disastrous consequences on the economic and social fronts.one simple words your imports is higher than exports.


Please recognize yourself.

Why you worried about our institutions and policies ?
Better you mind in your own business.
You dont have anything in India