thats what unreliable chinese figures say...
further to this.. china hit 1 T in 2000 and say they are 8T today... thats 19% economic growth compunded year on year. clearly thats not the case.. so tell me how they claim they are 8T
Rupee hits new record low of 57.12 today - Will Rafale deal Cancelled?
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further to this.. china hit 1 T in 2000 and say they are 8T today... thats 19% economic growth compunded year on year. clearly thats not the case.. so tell me how they claim they are 8T
laman12345
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the fact is china domestic market is 6 - 10 times bigger than india
the only ones who cheat and misrepresent are chini.
laman12345
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China's nation's domestic market grow to 2 trillion U.S. dollars this year, a senior trade official said in Beijing Monday [2010]
india only around 0.2 - 0.3 trillion
China's domestic trade to top $2 trillion this year: senior official - People's Daily Online
wow.. thats huge
laman12345
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india domestic market size is around 0.2 - 0.3 trillion only
wow.. thats small
India defense
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First of all we are not paying in dollar...even if we paying dollar...we still pay $10B not $15B....India will be paying from forex reserve not from Rupee reserve......Stop mouth farting
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Rupee fall jacks up India's arms purchase bill
Dec 25, 2011,
The falling rupee and the defence ministry’s (MoD’s) tardiness could cost India an extra Rs 15,000 crore for its planned purchase of 126 medium multi-role combat aircraft (MMRCA). On 31st October 2010, three months after the Indian Air Force submitted its flight trial report to the MoD (i.e. roughly the time needed for evaluating the price bids; negotiating a final cost; and awarding the contract) the rupee reached its high-water mark of Rs 43.71 to the dollar. Had the MoD signed the MMRCA contract then, the anticipated bid price of $15 billion would have amounted to Rs 65,565 crore. An extra Rs 1,311 crore for the 2% cost of hedging the forex risk would have taken the tab to Rs 66,876 crore.
Today, at about Rs 53 to the dollar, that $15 billion bid translates into Rs 79,500 crore. The two per cent cost of forex hedging is Rs 1,590 crore, taking the bill to Rs 81,090 crore, Rs 15,525 crore more than last October. The MoD is set to pay almost twice the Rs 42,000 crore that was budgeted for the MMRCA.
If the MoD does not hedge the forex risk, and the dollar hits Rs 58, the MMRCA cost would rise further to a mind-boggling Rs 87,000 crore.
Rupee fall jacks up India's arms purchase bill
Dec 25, 2011,
The falling rupee and the defence ministry’s (MoD’s) tardiness could cost India an extra Rs 15,000 crore for its planned purchase of 126 medium multi-role combat aircraft (MMRCA). On 31st October 2010, three months after the Indian Air Force submitted its flight trial report to the MoD (i.e. roughly the time needed for evaluating the price bids; negotiating a final cost; and awarding the contract) the rupee reached its high-water mark of Rs 43.71 to the dollar. Had the MoD signed the MMRCA contract then, the anticipated bid price of $15 billion would have amounted to Rs 65,565 crore. An extra Rs 1,311 crore for the 2% cost of hedging the forex risk would have taken the tab to Rs 66,876 crore.
Today, at about Rs 53 to the dollar, that $15 billion bid translates into Rs 79,500 crore. The two per cent cost of forex hedging is Rs 1,590 crore, taking the bill to Rs 81,090 crore, Rs 15,525 crore more than last October. The MoD is set to pay almost twice the Rs 42,000 crore that was budgeted for the MMRCA.
If the MoD does not hedge the forex risk, and the dollar hits Rs 58, the MMRCA cost would rise further to a mind-boggling Rs 87,000 crore.
Rupee fall jacks up India's arms purchase bill
notsuperstitious
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This has to be the 50th thread opened by Chinis about indian currency. Thats 25 dollars, so at 57.35 thats 1433 rupees.
Not worth the effort IMO.
Not worth the effort IMO.
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