India's forex reserves breach $600 billion-mark, hover around 15-month high

[protean]

India is a subcontinent with 28 states/countries, so $600 billion is $21.4 billion per state/country. Bangladesh's foreign exchange reserve is $27 billion.

Bango, use some IQ sometimes. India has a population of 8 times lungi land. Eight times of $20 billion is $160 billion not $600 billion. Don't embarrass yourself further in this thread.

Net forex reserve now stands at $20 billion

Bangladesh’s net foreign exchange reserve, as per the International Monetary Fund guideline, was on July 13 reported at $20 billion, which fell significantly below the IMF loan requirement level...

www.newagebd.net

 

[Hero786]

Bango, use some IQ sometimes. India has a population of 8 times lungi land. Eight times of $20 billion is $160 billion not $600 billion. Don't embarrass yourself further in this thread.

Why you hate lungi?
Is lungi not traditional cloth of India?

 

[StraightEdge]

8.5x actually, but also consider 23x the land area and resources.

I intentionally removed decimal places, and you conveniently ignored that I mentioned India's forex as 20x, when if taken at IMF methodology, it's actually 25x. India's land, unlike BD comprises of many mountains and deserts. Much of it is unusable for any kind of economic activity.

 

[Faceless]

but also consider 23x the land area and resources.

By your logic russia or canada or australia or brazil should have the biggest forex reserve.

Why you hate lungi?
Is lungi not traditional cloth of India?

No lungi is not a traditional cloth of india, that place goes to dhoti, both are worn in different ways, in that picture gandhi was wearing a dhoti not lungi.

 

[Maira La]

By your logic russia or canada or australia or brazil should have the biggest forex reserve.

Canada, Australia and Russia's economy are largely resource based. They are nothing without that.