Why should the RMB be included in the SDR basket?

[Keel]

India has a stable currency since 2013 & will remain stable in future. In foreseeable future India will grow at a rate of 2% higher than that of China. So we will close the gap with China and even overtake. You should concentrate on coming crisis in China than on India.

Everyone has his own social problems to sort out
Why dont you trouble making indians go back to your holes iso sticking your necks out into our affairs which is none of your business

We have been hearing about Indians trying to make a splash in building "state of the art" fighter jets, building a Bombay more advanced than Shanghai, organizingg a sports game event better than the BJ Olympics blah blah blah so yours is just another round of bla bla bla

Shanghai Dance Company

 

[hellraider]

India has been using its reserves to sell dollars and buy Rupees to support the exchange rate.

China adds nearly $1 TRILLION to its economy every year.
Good luck closing that gap

Not even Vedic math can help you out.

India was selling dollars in 2013. Now it is buying dollars and our reserves are increasing.

China was adding trillion dollar to its economy in past. Lets wait & watch for future.

As far as closing the gap you should learn some basic maths of compounding. If India grows at a rate higher than China it will close the gap and go ahead. From here on India will definitely grow at rate higher than China for next 20 years.

Everyone has his own social problems to sort out
Why dont you trouble making indians go back to your holes iso sticking your necks out into our affairs which is none of your business

We have been hearing about Indians trying to make a splash in building "state of the art" fighter jets, building a Bombay more advanced than Shanghai, organizingg a sports game event better than the BJ Olympics blah blah blah so yours is just another round of bla bla bla

Shanghai Dance Company

That is done by some stupid politicians. Indians aspire to be like US not China.

 

[Keel]

That is done by some stupid politicians. Indians aspire to be like US not China.

Talking to you people is a waste of time

Please dont
China is unique. You are incapable to copy us

Just follow the US' experiences like their credit crunches and wars on terrors. Indians will surely have a closer ties to the Americans, begging for more H-IB visas

 

[hellraider]

Talking to you people is a waste of time

Please dont
China is unique. You are incapable to copy us

Just follow the US' experiences like their credit crunches and wars on terrors. Indians will surely have a closer ties to the Americans, begging for more H-IB visas

China is not unique. Check out USSR.

USSR was getting ahead of US in 1960/70s. But then later it exploded.

Same will happen with China & the process has started.

 

[Beidou2020]

Indian currency has been appreciating on inflation adjusted basis if you know anything of this concept.

Our current account deficit is just 1% of GDP now and nothing to worry about. Budget deficit is under control & debt to GDP ratio constant. We need not worry.

Fact is China overestimates its economy & India is conservative. In foreseeable future we will grow at a rate 2% higher than China & soon close the gap with China & even go ahead.

Indian inflation numbers are completely inaccurate as its inflation basket is not representative of the overall inflation in the economy. One of the reasons India understates its inflation is to make its GDP deflator as small as possible to make its real 'growth' appear bigger than it is.

Why does it want to make its GDP 'growth' bigger than it is?
One reason is to have its deficits look small as a % of GDP and its debt-to-GDP small. This is to not get downgraded by rating agencies as the fundamentals of the Indian economy are deteriorating at a rapid pace. A downgrade will further erode the confidence of the Indian economy which will make running those big deficits even more expensive for India as investors will lose confidence and interest payments will increase for the Indian regime.

This is why India has been using its forex reserves to support the exchange rate because without that support, Indian exchange rate would be around 100.

The entire Indian economic story is one massive fraudulent Ponzi scheme built on debt-based consumption of depreciating imported goods by running big trade deficits. The debt India is running up is not used for investment which gives future returns but on consumption. As the debt has accumulated, the Indian economy has slowed down dramatically which is why it's fudging its GDP growth numbers.

India is going to face a massive financial crisis in the very near future and the Indian regime knows it more than anyone which is one of the reasons it did what it did to save the image of its economy.

 

[TaiShang]

Indian growth rate is higher than China only because Indians economy size is only 1/5 of China's

Some of these countries below have tremendous growth rates why you do not downsize your economy for a much better growth rate?

LOL. Besides, we will have to wait and see whether the growth is sustainable.

 

[Beidou2020]

India was selling dollars in 2013. Now it is buying dollars and our reserves are increasing.

China was adding trillion dollar to its economy in past. Lets wait & watch for future.

As far as closing the gap you should learn some basic maths of compounding. If India grows at a rate higher than China it will close the gap and go ahead. From here on India will definitely grow at rate higher than China for next 20 years.


That is done by some stupid politicians. Indians aspire to be like US not China.

India has been buying dollars and selling Rupees since 2013 to support the exchange rate. Indian current account deficits are getting larger and the Rupee has been getting weaker but supported by selling its forex reserves and then lying about its forex reserves to not get a downgrade by rating agencies. It's now decided to lie about its GDP 'growth' for the reasons I listed before.

China added $1 TRILLION to its GDP last year and will add even more this year due to exactly what you said.....COMPOUNDING EFFECT!

India is not growing faster than China now and it certainly won't in the future despite a much smaller economic base as its fundamentals don't support for high growth. Indian debt is very high and its growth model is already out of steam as a result of the debt accumulation. It's bureaucratic nature will endure it can never catch up to China.

China will continue to extend its lead over India for decades to come. That's a dead set certainty.

 

[hellraider]

LOL. Besides, we will have to wait and see whether the growth is sustainable.

Growth in India is natural growth. Not state controlled forced growth. So in long term India's high growth rate is sustainable but not that of China.

Indian inflation numbers are completely inaccurate as its inflation basket is not representative of the overall inflation in the economy. One of the reasons India understates its inflation is to make its GDP deflator as small as possible to make its real 'growth' appear bigger than it is.

Why does it want to make its GDP 'growth' bigger than it is?
One reason is to have its deficits look small as a % of GDP and its debt-to-GDP small. This is to not get downgraded by rating agencies as the fundamentals of the Indian economy are deteriorating at a rapid pace. A downgrade will further erode the confidence of the Indian economy which will make running those big deficits even more expensive for India as investors will lose confidence and interest payments will increase for the Indian regime.

This is why India has been using its forex reserves to support the exchange rate because without that support, Indian exchange rate would be around 100.

The entire Indian economic story is one massive fraudulent Ponzi scheme built on debt-based consumption of depreciating imported goods by running big trade deficits. The debt India is running up is not used for investment which gives future returns but on consumption. As the debt has accumulated, the Indian economy has slowed down dramatically which is why it's fudging its GDP growth numbers.

India is going to face a massive financial crisis in the very near future and the Indian regime knows it more than anyone which is one of the reasons it did what it did to save the image of its economy.

Indian economic statistics are more credible then Chinese. The whole world says that.

India's forex reserves is increasing & debt to GDP ratio is constant. You are talking senseless. Check your facts before commenting.

Chinese economy is a Ponzi scheme about to burst. Thats why your central bank is reducing interest rate & reserve ratio every month.

 

[Beidou2020]

Growth in India is natural growth. Not state controlled forced growth. So in long term India's high growth rate is sustainable but not that of China.

Indian growth rate is even more state-controlled than China's. Chinese economy is less state-oriented than India considering the areas open to foreign investment is far greater than India. India joined the WTO in the mid 1990's and joined in 2001 and China archived far more in less time than what did India due to the economic freedom in China compared to India.
That's why global investors favour China over India as China has the big market, the infrastructure, the tax policies and less business stifling administrative policies.

India is still running that typical outdated Hindu economy.

 

[hellraider]

Indian growth rate is even more state-controlled than China's. Chinese economy is less state-oriented than India considering the areas open to foreign investment is far greater than India. India joined the WTO in the mid 1990's and joined in 2001 and China archived far more in less time than what did India due to the economic freedom in China compared to India.
That's why global investors favour China over India as China has the big market, the infrastructure, the tax policies and less business stifling administrative policies.

India is still running that typical outdated Hindu economy.

Thats your opinion not fact. India is less state controlled economy. Now Indian economy is more or less fully open to foreign investors & many are planning to set up industries here.

Forget about what happened in past. In future we will consistently grow at a rate higher than China & close the gap and may eventually even overtake China.

 

[Beidou2020]

Growth in India is natural growth. Not state controlled forced growth. So in long term India's high growth rate is sustainable but not that of China.



Indian economic statistics are more credible then Chinese. The whole world says that.

India's forex reserves is increasing & debt to GDP ratio is constant. You are talking senseless. Check your facts before commenting.

Chinese economy is a Ponzi scheme about to burst. Thats why your central bank is reducing interest rate & reserve ratio every month.

Indian economic stats are far worse than Chinese stats as Indian politicians need to cook the books to win elections. The whole world dismissed Indian stats saying India was growing faster than China (despite Indian economy being so much smaller than Chinese economy).

Indian forex reserves have been decreasing and its debt to GDP ratio has been increasing if the stats were reported honestly. But since chooses to cook its books to hide its problems.

China is cutting interest rates and RRR because its inflation is under control and can afford to pursue growth policies. Chinese RRR is close to 20% which leaves enormous room for policy easing. Reducing interest rates is to decrease funding costs to SME in China.China can also remove its restrictions on the property market.

Indian economy cannot pursue growth policies as its inflation is way higher than officially reported. Indian economy is one massive Ponzi scheme pretending to be an economy.

Thats your opinion not fact. India is less state controlled economy. Now Indian economy is more or less fully open to foreign investors & many are planning to set up industries here.

Forget about what happened in past. In future we will consistently grow at a rate higher than China & close the gap and may eventually even overtake China.

Nah, it's a fact that China is a far more freerr economy that is open to global investors than India as seen from the amount of trade China does compared to India and the amount of FDI China attracts compared to India.

India has very few private companies as the bureaucracy prevents such companies and India is not a big trader or investors as its economy is closed and state-controlled.

In the future China will continue to grow faster than India despite having an economic base that's 5 times bigger than India and will continue to extend its lead over India.

 

[hellraider]

Indian economic stats are far worse than Chinese stats as Indian politicians need to cook the books to win elections. The whole world dismissed Indian stats saying India was growing faster than China (despite Indian economy being so much smaller than Chinese economy).

Indian forex reserves have been decreasing and its debt to GDP ratio has been increasing if the stats were reported honestly. But since chooses to cook its books to hide its problems.

China is cutting interest rates and RRR because its inflation is under control and can afford to pursue growth policies. Chinese RRR is close to 20% which leaves enormous room for policy easing. Reducing interest rates is to decrease funding costs to SME in China.China can also remove its restrictions on the property market.

Indian economy cannot pursue growth policies as its inflation is way higher than officially reported. Indian economy is one massive Ponzi scheme pretending to be an economy.

Facts are facts. Doesnt matter if Chinese dont like them. Rest of world believe in them & they are investing in India.

China is reducing rates & reserve requirement but thats not helping. Its just inflating stock markets. Classic case of economic disaster.

Indian economic stats are far worse than Chinese stats as Indian politicians need to cook the books to win elections. The whole world dismissed Indian stats saying India was growing faster than China (despite Indian economy being so much smaller than Chinese economy).

Indian forex reserves have been decreasing and its debt to GDP ratio has been increasing if the stats were reported honestly. But since chooses to cook its books to hide its problems.

China is cutting interest rates and RRR because its inflation is under control and can afford to pursue growth policies. Chinese RRR is close to 20% which leaves enormous room for policy easing. Reducing interest rates is to decrease funding costs to SME in China.China can also remove its restrictions on the property market.

Indian economy cannot pursue growth policies as its inflation is way higher than officially reported. Indian economy is one massive Ponzi scheme pretending to be an economy.



Nah, it's a fact that China is a far more freerr economy that is open to global investors than India as seen from the amount of trade China does compared to India and the amount of FDI China attracts compared to India.

India has very few private companies as the bureaucracy prevents such companies and India is not a big trader or investors as its economy is closed and state-controlled.

In the future China will continue to grow faster than India despite having an economic base that's 5 times bigger than India and will continue to extend its lead over India.

India will grow at higher rate then China in future for many years. Even Harvard Business School says that. Go & check IMF growth projections. You will understand.

 

[Beidou2020]

Facts are facts. Doesnt matter if Chinese dont like them. Rest of world believe in them & they are investing in India.

China is reducing rates & reserve requirement but thats not helping. Its just inflating stock markets. Classic case of economic disaster.

Ponzi schemes can go on until you run out of other people's money. Indian economy is only growing at 5% even with a massive debt-based economy that's running massive twin deficits and debt to GDP ratio is well over 100%.

The fact that you think China is loosening monetary policy to boost the stock market shows what a noob you are on economics

Facts are facts. Doesnt matter if Chinese dont like them. Rest of world believe in them & they are investing in India.

China is reducing rates & reserve requirement but thats not helping. Its just inflating stock markets. Classic case of economic disaster.



India will grow at higher rate then China in future for many years. Even Harvard Business School says that. Go & check IMF growth projections. You will understand.

Yea India will overtake China as Mumbai was supposed to overtake Shanghai in 5 years

Dream on

 

[hellraider]

Ponzi schemes can go on until you run out of other people's money. Indian economy is only growing at 5% even with a massive debt-based economy that's running massive twin deficits and debt to GDP ratio is well over 100%.

The fact that you think China is loosening monetary policy to boost the stock market shows what an noob you are on economics

Get your facts right first. India's debt to GDP ratio is 120%. China's debt to GDP ratio is 270%. We have twin deficits but that is very small. China is loosening to increase growth, But people no longer have confidence in China so they are not investing. Excess liquidity is going to stock markets and creating a bubble.

The way you are arguing seems like you have learned from Taliban School of Economics.

Ponzi schemes can go on until you run out of other people's money. Indian economy is only growing at 5% even with a massive debt-based economy that's running massive twin deficits and debt to GDP ratio is well over 100%.

The fact that you think China is loosening monetary policy to boost the stock market shows what a noob you are on economics



Yea India will overtake China as Mumbai was supposed to overtake Shanghai in 5 years

Dream on

Mumbai will never be like Shanghai. We are a free country.

 

[TaiShang]

Growth in India is natural growth. Not state controlled forced growth. So in long term India's high growth rate is sustainable but not that of China.

Your economy seems much more state-controlled and hence inflexible. Other than the obvious regulations, your economy suffers from unwritten rules of nepotism and corruption. Your political environment seems to be conducive to this inefficiency.

But people no longer have confidence in China so they are not investing.

Wrong, since 2014, China has been the largest recipient of FDI as well as the largest foreign investor. The only thing that leaves China is low-end manufacturing, which may or may not go to India. Private business and investment in China is in fact booming.

India, on the other hand, is the same inefficient and corrupt economy. Even Modi's supporters in India do not buy the cooked numbers and PR stunts.