India's Forex Reserves Fall As Foreign Investors Head For The Exits

[kaykay]

YA ALLAH modi ko bhi mery sath bhikari bana

View attachment 860687

Aisa to nahi hoga....by the way kaise ho Khan bhai?

 

[Beast]

Really ? There are bank runs in China - regional sector'specific banks have unquantified levels of bad loans into things like dead city projects

China crushes mass protest by bank depositors demanding their life savings back

Chinese authorities on Sunday violently dispersed a peaceful protest by hundreds of depositors, who sought in vain to demand their life savings back from banks that have run into a deepening cash crisis.

www.cnn.com

These kind of fake CNN article which overstate present reality. We have 3 trillion dollar foreign reserve. You India are just small fry. Not able to withstand current economy pressure.

 

[SoulSpokesman]

@Beast

We have 3 trillion dollar foreign reserve.

Why dont you lend a few billion dollars out of that to your taller than mountain, deeper than ocean, sweeter than honey friend. That way they wont have to run to IMF for funding.

Regards

 

[Cheepek]

Sovereign debt vulnerability vs vulnerability to American monetary policy.

Apples vs oranges.

But what more do you expect from a maulvi whose head hurts knowing there exist countries that don't use Jan-Dec financial year? Pfft

 

[Hellfire2006]

I mean when the regime treats foreign investors the same way it treat its own people, who can be assured that their property can remain safe? there's many countries in the world, who said that India was special?

The reason why they pulled out of indian market is the Spike in interest rates by 3/4 of a % on June 15 by the US federal Reserve. That's why investors are pulling out of asian markets

I mean when the regime treats foreign investors the same way it treat its own people, who can be assured that their property can remain safe? there's many countries in the world, who said that India was special?

By foreign investors you mean chinese investors or others ? I am sorry to say but post 2020 we are not very welcoming to the former.

 

[Chat SAMOSA]

These kind of fake CNN article which overstate present reality. We have 3 trillion dollar foreign reserve. You India are just small fry. Not able to withstand current economy pressure.

Spend it wisely.

 

[FairAndUnbiased]

The reason why they pulled out of indian market is the Spike in interest rates by 3/4 of a % on June 15 by the US federal Reserve. That's why investors are pulling out of asian markets


By foreign investors you mean chinese investors or others ? I am sorry to say but post 2020 we are not very welcoming to the former.

since 2016 Indian economy has been declining relative to China. Chinese investors are losing interest in a declining Indian market.

 

[FuturePAF]

This should be coupled with the loss of tech jobs, especially if Indian national IT workers, in India and on H1B visa or even working in Canada for western companies. This could even be a dramatic shift if the recession is deep and long, as Americans will demand a cut to the number of H1B visas issued.

Zuckerberg is already trying to drive out workers from us company. Onshoring will not only be in manufacturing but probably in the knowledge economy; data sciences and IT. This was so much of an issue at the start of the pandemic that the Indians lobbied hard with the Trump Administration to prevent at blocking of H1B visas. But with a deep or prolonged recession, specially toward the tech sector like the Dot Com Bubble burst of 2001/2002, it could be out of the hands of the president, especially as a wave of populism drives politics to “Bring jobs home”.

 

[Protest_again]

This should be coupled with the loss of tech jobs, especially if Indian national IT workers, in India and on H1B visa or even working in Canada for western companies. This could even be a dramatic shift if the recession is deep and long, as Americans will demand a cut to the number of H1B visas issued.

Lol. Even if there is a recession, digitization of the world will continue as such Indian IT talent will always have opportunities.

 

[KaiserX]

This should be coupled with the loss of tech jobs, especially if Indian national IT workers, in India and on H1B visa or even working in Canada for western companies. This could even be a dramatic shift if the recession is deep and long, as Americans will demand a cut to the number of H1B visas issued.

Zuckerberg is already trying to drive out workers from us company. Onshorijg will not only be in manufacturing but probably in the knowledge economy; data sciences and IT.

Ive worked with off shore developers for many many years and let me tell you one thing... Indians are the worst and of the lowest quality BY FAR. Most indians developers lie through their teeth on their resume/credentials to get their foot into the door. Once they land a position as a developer usually a much more skilled developer (on shore or another country) will spend the majority of their time teaching the liar indian fresher to get them on par to be able to do basic development stories. The knowledge transfer itself takes many many months of the skilled developers time.

By the time the Indian dev is remotely capable of doing any sort of work, the skilled dev is exhausted spending much of their time working over time on not just their assigned work but the assigned work of the low skilled indian devs so what do they do? they look elsewhere. You pretty much end up losing all your highly skilled developers due to the shitshow these indian devs bring. In the end you really lose any cost saving you thought would come by hiring someone cheap in india.

Nothing wrong with off shore developers per se, some of the best off shore developers I have worked with were actually from central/south america, eastern europe, africa, and pakistan. To become a developer in India you dont even need to finish high school, theres a scam IT institute or college in every ally of hyderabad/bangalhore where even a housewife can become a "developer".

Most western companies are catching on fast to this and are moving away from Indian offshore companies due to their scamming cheap ways.

 

[Sam6536]

Ive worked with off shore developers for many many years and let me tell you one thing... Indians are the worst and of the lowest quality BY FAR. Most indians developers lie through their teeth on their resume/credentials to get their foot into the door. Once they land a position as a developer usually a much more skilled developer (on shore or another country) will spend the majority of their time teaching the liar indian fresher to get them on par to be able to do basic development stories. The knowledge transfer itself takes many many months of the skilled developers time.

By the time the Indian dev is remotely capable of doing any sort of work, the skilled dev is exhausted spending much of their time working over time on not just their assigned work but the assigned work of the low skilled indian devs so what do they do? they look elsewhere. You pretty much end up losing all your highly skilled developers due to the shitshow these indian devs bring. In the end you really lose any cost saving you thought would come by hiring someone cheap in india.

Nothing wrong with off shore developers per se, some of the best off shore developers I have worked with were actually from central/south america, eastern europe, africa, and pakistan. To become a developer in India you dont even need to finish high school, theres a scam IT institute or college in every ally of hyderabad/bangalhore where even a housewife can become a "developer".

Most western companies are catching on fast to this and are moving away from Indian offshore companies due to their scamming cheap ways.

Sure mister know all
going by your comment history most of your comments are anti-India

 

[Bilal9]

Ive worked with off shore developers for many many years and let me tell you one thing... Indians are the worst and of the lowest quality BY FAR. Most indians developers lie through their teeth on their resume/credentials to get their foot into the door. Once they land a position as a developer usually a much more skilled developer (on shore or another country) will spend the majority of their time teaching the liar indian fresher to get them on par to be able to do basic development stories. The knowledge transfer itself takes many many months of the skilled developers time.

By the time the Indian dev is remotely capable of doing any sort of work, the skilled dev is exhausted spending much of their time working over time on not just their assigned work but the assigned work of the low skilled indian devs so what do they do? they look elsewhere. You pretty much end up losing all your highly skilled developers due to the shitshow these indian devs bring. In the end you really lose any cost saving you thought would come by hiring someone cheap in india.

Nothing wrong with off shore developers per se, some of the best off shore developers I have worked with were actually from central/south america, eastern europe, africa, and pakistan. To become a developer in India you dont even need to finish high school, theres a scam IT institute or college in every ally of hyderabad/bangalhore where even a housewife can become a "developer".

Most western companies are catching on fast to this and are moving away from Indian offshore companies due to their scamming cheap ways.

Twelve of these idiots will swarm around one of their colleagues who can halfway code properly and "learn" coding on the employer's dime and payroll. Common scenario in US companies with large groups of Indian contractors pre-covid.

Breaking keyboards and sweating all day to produce a few lines of code that works. No wonder programmers based in the US are pissed.

I guess their entire H1B story - starting with paida/inception began by the words "Jhoot, jhoot and more jhoot".

I have entire groups of friends who say what a PITA these Indian developers are whose only four month training was from "Shri Annamalai Divakar Institute of High Tek-na-lajee" which is a one room facility with no plaster on the second floor of some bazaar slum. These Indian IT companies like TCS, Infosys are the biggest scammers. If you can breathe - you will get a job at these companies. The other requirement is smelly body-odor, oil in the hair and a BJP/RSS shakha membership card.

And being that most of these H1B's come from BIMARU states, this is how they passed their SSC and HSC exams, by rampant cheating and fraud.

Sure mister know all
going by your comment history most of your comments are anti-India

The term is "know-it-all"..... and yes his auqaat is several steps above any of the H1B's - he speaks the truth.

 

[Bilal9]

@Bilal9

Bilalbhai,

CRISIL and RBI both pegging GDP growth in India at around 7 percent at the latest. For 2023-24 FY, the forecast is around 6% - as sharp rebound effect fades.

I think I will take 7% in FY 2023 and 6% thereafter, happily.

Regards

Happy for you.

But like I said - going by Indian standards, "predik-suns" don't mean jack squat.

Inflation in India is sky rocketing, that alone will have some effect.

 

[FuturePAF]

Ive worked with off shore developers for many many years and let me tell you one thing... Indians are the worst and of the lowest quality BY FAR. Most indians developers lie through their teeth on their resume/credentials to get their foot into the door. Once they land a position as a developer usually a much more skilled developer (on shore or another country) will spend the majority of their time teaching the liar indian fresher to get them on par to be able to do basic development stories. The knowledge transfer itself takes many many months of the skilled developers time.

By the time the Indian dev is remotely capable of doing any sort of work, the skilled dev is exhausted spending much of their time working over time on not just their assigned work but the assigned work of the low skilled indian devs so what do they do? they look elsewhere. You pretty much end up losing all your highly skilled developers due to the shitshow these indian devs bring. In the end you really lose any cost saving you thought would come by hiring someone cheap in india.

Nothing wrong with off shore developers per se, some of the best off shore developers I have worked with were actually from central/south america, eastern europe, africa, and pakistan. To become a developer in India you dont even need to finish high school, theres a scam IT institute or college in every ally of hyderabad/bangalhore where even a housewife can become a "developer".

Most western companies are catching on fast to this and are moving away from Indian offshore companies due to their scamming cheap ways.

And now Zuch is try to force out any developers that can’t cut it. So, international politics is about to meet the hard realities of the bottom line as we go into a tech recession. A lot (not the majority, but a lot of it) of Tata’s business is with Tata consulting services. They are the canary in the coal mine for India’s information based export industry.

Bye, this will also have an impact on Pakistani IT developers working with foreign companies, so by no means is this good news for developing countries, but it is a major industry on which India is depending, especially as a means to get Indians to live abroad, and therefore a major factor in the satisfaction of Indian upper and upper middle class. Making it a potentially of some influence not only on their economy but their politics.

In the 2001 recession, the overall stock market dropped 36% but the tech sector dropped 78%, taking nearly a decade for the stocks that survived to recover.

 

[Skull and Bones]

Happy for you.

But like I said - going by Indian standards, "predik-suns" don't mean jack squat.

Inflation in India is sky rocketing, that alone will have some effect.

Inflation for food items are 12-13%, and overall inflation is 7-8%. We have lived under much high inflation when we had Congress rule.