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

[xyx007]

Lol. Had corona hit Pakistan the way it hit India, you wouldn't have space to bury. You are lucky no body wanted to visit Pakistan from around the world.

What celebrating? I posted a news. Why do you only want to see negative news from India? Learn to deal with reality.

We have a smaller population than you, rationally this strategy is beneficial to you, however, biased and irrational opinions again make the Indians point the finger at us.

 

[hydrabadi_arab]

Its nothing but decline in dollar value against other currencies. RBI holds a bunch of reserves in different curriencies (USD<, Yen, UKP, gold and maybe even Yuan) and the composition of them is a secret. However value of reserves is always computed in USD. So if british pound, or euro or yuan etc appreciate in dollars then the reserve value appreciates even though no new dollars are coming in.

India gets dollars through remittances and software. THey will remain. But india imports all machinery - with consumption collapse indian businesses will not makiing those investmentsi n near future.

Wait why is this kept secret?

 

[retaxis]

India imports far more then they export that just shows that they are doing bad financially and acting like the world needs them while they really need the world

 

[N.Siddiqui]

This is the level of economic knowledge that comes out of Pakistan. No wonder its economy is in tatters.

PS: Modi came back to power with record mandate after demonitisation. Stick to Pakistan, you have no idea about India. Lol.

Does't adds up here...

A rich govt with poor people, crony capitalism at its best(read worst).

This 23 crore BPL and the earlier similar numbers means a whopping 45-50 crore poor Indians, and this highest reserves is not reflecting on the condition of the poor masses.

COVID-19 first wave pushed 23 crore Indians into poverty: Azim Premji University

COVID-19 first wave pushed 23 crore Indians into poverty: Azim Premji University

The report, titled 'State of Working India Report 2021' stated that rural India witnessed a 15% increase in poverty and a 20% rise was registered in urban areas after one year of the coronavirus pandemic

www.businesstoday.in

230 million Indians pushed into poverty amid Covid-19 pandemic: Report

230 million Indians pushed into poverty amid Covid-19 pandemic: Report

As the pandemic and eventual lockdowns wreaked havoc on the economy and livelihoods, around 230 mn Indians have been pushed into poverty during the past year, showed a report by Azim Premji University

www.business-standard.com

Additional 230 Million Indians Fell Below Poverty Line Due to the Pandemic: Study

The study, 'State of Working India 2021 – One year of Covid-19', by Azim Premji University has touched upon several aspects pertaining to the state of the Indian economy.

thewire.in

 

[Protest_again]

Does't adds up here...

A rich govt with poor people, crony capitalism at its best(read worst).

This 23 crore BPL and the earlier similar numbers means a whopping 45-50 crore poor Indians, and this highest reserves is not reflecting on the condition of the poor masses.

COVID-19 first wave pushed 23 crore Indians into poverty: Azim Premji University

COVID-19 first wave pushed 23 crore Indians into poverty: Azim Premji University

The report, titled 'State of Working India Report 2021' stated that rural India witnessed a 15% increase in poverty and a 20% rise was registered in urban areas after one year of the coronavirus pandemic

www.businesstoday.in

230 million Indians pushed into poverty amid Covid-19 pandemic: Report

230 million Indians pushed into poverty amid Covid-19 pandemic: Report

As the pandemic and eventual lockdowns wreaked havoc on the economy and livelihoods, around 230 mn Indians have been pushed into poverty during the past year, showed a report by Azim Premji University

www.business-standard.com

Additional 230 Million Indians Fell Below Poverty Line Due to the Pandemic: Study

The study, 'State of Working India 2021 – One year of Covid-19', by Azim Premji University has touched upon several aspects pertaining to the state of the Indian economy.

thewire.in

Unfounded articles are dime a dozen. They write something today and take a complete different line tomorrow. I am not here spoon feed you.

Believe what you want, your opinion is irrelevant. The numbers I quote are hard numbers. They are not opinion pieces.

We have a smaller population than you, rationally this strategy is beneficial to you, however, biased and irrational opinions again make the Indians point the finger at us.

I posted a news article about our forex reserves. It is you who brought up your biased and irrational opinions in this thread. Now Shuuu.

 

[Jobless Jack]

Its just Ambani and Adani Uncles temporarily loaning their Assets to the Indian government to show the World bank.

Just a PR move.

 

[Surya 1]

Does't adds up here...

A rich govt with poor people, crony capitalism at its best(read worst).

This 23 crore BPL and the earlier similar numbers means a whopping 45-50 crore poor Indians, and this highest reserves is not reflecting on the condition of the poor masses.

COVID-19 first wave pushed 23 crore Indians into poverty: Azim Premji University

COVID-19 first wave pushed 23 crore Indians into poverty: Azim Premji University

The report, titled 'State of Working India Report 2021' stated that rural India witnessed a 15% increase in poverty and a 20% rise was registered in urban areas after one year of the coronavirus pandemic

www.businesstoday.in

230 million Indians pushed into poverty amid Covid-19 pandemic: Report

230 million Indians pushed into poverty amid Covid-19 pandemic: Report

As the pandemic and eventual lockdowns wreaked havoc on the economy and livelihoods, around 230 mn Indians have been pushed into poverty during the past year, showed a report by Azim Premji University

www.business-standard.com

Additional 230 Million Indians Fell Below Poverty Line Due to the Pandemic: Study

The study, 'State of Working India 2021 – One year of Covid-19', by Azim Premji University has touched upon several aspects pertaining to the state of the Indian economy.

thewire.in

When some businesses are shutdown for long time , naturally some poor people will get affected. This is a temporrary phenomemon. We are set to rise high this year. We shall lift lot more people out of poverty line than what has gone down.

 

[letsrock]

Decline in dollar value has limited impact on India. India has about $40-45 billion of gold reserves and balance in IMF & world bank. Of the remaining forex, India holds about 85% of the foreign currency as dollars. Moreover, USD has depreciated only by 10% against other currencies, which is not too significant. It may have an impact of about $5-8 billion on forex amount considering that India holds only about 5

How do you know that ? RBI does not reveal the composition. Also reserves include gold. India's forex in jan for example is 590 billion. Lets assume you are right and 15% is in other currencies. Thats almost 90 billion usd and if they increase by 10% thats 9 billion almost exactly equal to close to 600 billion now india is trumpeting.

The fact is india did get FII because stocks are on steroids and many institutional investors simply distribute risk based on ratings - some money goes to indian market because it is rated so and so, some goes to brazil etc. Thats not forex earned by indians.

This is the level of economic knowledge that comes out of Pakistan. No wonder its economy is in tatters.

PS: Modi came back to power with record mandate after demonitisation. Stick to Pakistan, you have no idea about India. Lol.

Everyone knows modi came back to power. Managing elections with caste based engineering (your "chanakya" amit shah technique) is not the same as managing economyy.

When some businesses are shutdown for long time , naturally some poor people will get affected. This is a temporrary phenomemon. We are set to rise high this year. We shall lift lot more people out of poverty line than what has gone down.

Except it did not happen nowhere close to the extent it happened in india. SHows absolute lack of competency in governing.

Does't adds up here...

A rich govt with poor people, crony capitalism at its best(read worst).

This 23 crore BPL and the earlier similar numbers means a whopping 45-50 crore poor Indians, and this highest reserves is not reflecting on the condition of the poor masses.

you cant argue with a brahmin on those basis. he fundamentally doesnt care about poor people. Infact he will be happy that he will get more servants.

 

[N.Siddiqui]

The fact is india did get FII because stocks are on steroids and many institutional investors simply distribute risk based on ratings - some money goes to indian market because it is rated so and so, some goes to brazil etc. Thats not forex earned by indians.

And the fact that India gets the highest FDI from Mauritius, a tiny country of few millions known as a tax haven and ideal for money laundering. So what India calls as FDI is simply the black money laundered out of India and coming back from Mauritius as white money. And from other small countries like Singapore...

And you rightly pointed about the stock exchange investment also included in the FDI, which is just a stopgap, low shelf life investment, can be taken out on the first risk factor.

How come Mauritius is the biggest foreign investor in India? - Tax Justice Network

We’re pleased to share a new study by Suraj Jaiswal for the Centre for Budget and Governance Accountability on Foreign Direct Investment in India and the role of tax havens. As their summary of this study says: Governments across the world are trying to attract Foreign Direct Investment (FDI) as...

www.taxjustice.net

 

[letsrock]

And the fact that India gets the highest FDI from Mauritius, a tiny country of few millions known as a tax heaven and ideal for money laundering. So what India calls as FDI is simply the black money laundered out of India and coming back from Mauritius as white money.

And you rightly pointed about the stock exchange investment also included in the FDI, which is just a stopgap, low shelf life investment, can be taken out on the first risk factor.

Yes thats FDI - which actually fell last year. There is another component called FII (Foreign institutional investment) - these are foreign trading brokers who invest in stock market based on speculation. It does not translate in to increasing production in india. And they pull the money back in short term. This FII is the one that increased last year.

 

[Smarana Mitra]

How do you know that ? RBI does not reveal the composition. Also reserves include gold. India's forex in jan for example is 590 billion. Lets assume you are right and 15% is in other currencies. Thats almost 90 billion usd and if they increase by 10% thats 9 billion almost exactly equal to close to 600 billion now india is trumpeting.

The fact is india did get FII because stocks are on steroids and many institutional investors simply distribute risk based on ratings - some money goes to indian market because it is rated so and so, some goes to brazil etc. Thats not forex earned by indians.

RBI does not reveal the composition but informally it has been stated that more than four fifths are in USD. Don't forget that India has abut $43 billion as gold or reserves in World Bank or IMF. You are being unnecessarily overhyping the important of the foreign currency fluctuation. Indian reserves have grown by over $100 billion in last 1 year and this $7-8 billion is peanuts in comparison. There is no prize in crossing $600 billion vs staying at $595 billion. The point here is that Indian forex has grown by a massive quantity, not about crossing $600 billion

 

[letsrock]

RBI does not reveal the composition but informally it has been stated that more than four fifths are in USD. Don't forget that India has abut $43 billion as gold or reserves in World Bank or IMF. You are being unnecessarily overhyping the important of the foreign currency fluctuation. Indian reserves have grown by over $100 billion in last 1 year and this $7-8 billion is peanuts in comparison. There is no prize in crossing $600 billion vs staying at $595 billion. The point here is that Indian forex has grown by a massive quantity, not about crossing $600 billion

And you are hyping up forex reserves without any understanding of the context. Its a country which did not even pay last respects to its dead and dumped hundreds of bodies on river banks with a "yogi" as a ruler. what is forex to unicivlized hate brahmins like you ?
India's forex is not earned forex (other than remittances and minor software exports) but mostly either investment or trade money. China forex is earned by its workers through exports. understand it first.

 

[Smarana Mitra]

And you are hyping up forex reserves without any understanding of the context. Its a country which did not even pay last respects to its dead and dumped hundreds of bodies on river banks with a "yogi" as a ruler. what is forex to unicivlized hate brahmins like you ?
India's forex is not earned forex (other than remittances and minor software exports) but mostly either investment or trade money. China forex is earned by its workers through exports. understand it first.

Don't talk trash here. You are simply bringing nonsense in a thread about indian forex. Uncivilised subhumans like you exist only to cause pollution and spamming

 

[xyx007]

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.

Unfounded articles are dime a dozen. They write something today and take a complete different line tomorrow. I am not here spoon feed you.

Believe what you want, your opinion is irrelevant. The numbers I quote are hard numbers. They are not opinion pieces.

I posted a news article about our forex reserves. It is you who brought up your biased and irrational opinions in this thread. Now Shuuu.

Please recognize yourself.

 

[Protest_again]

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.

Lol. Why should a Pakistani worry about our fate?
Seriously though, it's hilarious to get economic lesson from a Pakistani.