Pakistan pays off Euro Bond by new 1 billion USD loan from China

[Cyberian]

So, how has India been trying to pay off its $485 billion external debt?

 

[Great Sachin]

So, how has India been trying to pay off its $485 billion external debt?

India takes loan and earn more than loan +interest.... not taking loan to pay loans

 

[Cyberian]

India takes loan and earn more than loan +interest.... not taking loan to pay loans

Achha, so India's external debt of $485 billion is always receding as a result? I am assuming India just keeps earning so much interest this way that it doesn't need to take additional loans?

 

[Great Sachin]

Achha, so India's external debt of $485 billion is always receding as a result? I am assuming India just keeps earning so much interest this way that it doesn't need to take additional loans?

and why India has $375 billion Forex reserve....with external debt of $475 billion

 

[Sully3]

All weather friend is having fun....4.4 % interest


may be ...taking loan to pay loan....

really?

India owes 6x times more money in loans then Pakistan.

again with the fake chest thumping indians

 

[Great Sachin]

really?

India owes 6x times more money in loans then Pakistan.

again with the fake chest thumping indians

and India owes 20x time more forex reserve than Pakistan

 

[The SC]

Smart move..
If the first loan was at an interest rate of 6% and you take a loan at 4% to pay off the first, than you end up paying 4% interest on the loan saving yourself 2% from interests..

 

[Sully3]

and India owes 20x time more forex reserve than Pakistan

and then shall we compare Indias forex reserve with the other billion+ populated nation of the world ?

 

[Great Sachin]

and then shall we compare Indias forex reserve with the other billion+ populated nation of the world ?

he started it with India Pakistan comparison
India's population is 6x of Pakistan population
India's debt is 6x of Pakistan debt
India's Forex reserve is 20x of Pakistan Forex reserve

 

[ziaulislam]

and India owes 20x time more forex reserve than Pakistan

so???
since when is forex reserve an indication of success or development?