India forex reserves cross $700 billion | How will this help economy | GDP growth
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- Опубликовано: 11 окт 2024
- India is now the fourth nation to have over $700 billion in foreign exchange reserves. Our expert decodes how this will help boost the country's economy.
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RBI should hold its gold reserves within the country.
if thats done then our politicians will loot it , so only they did it like that
Ask Chiddu Baba what he did as FM?
Buy gold of that 100 billion dollars that would be a huge shock absorber.
We need 2 trillion forex reserves to cover 24 months of imports and 50% should be as gold reserves.
in 2008 we didnt had forex reserve for 12 days avg kangress development
in gold, it is not possible
whole world only has 12 trillion worth of gold
out of which 7 trillion worth of gold is in form of jewellery
only 2.1 trillion of worth of gold is in hand of all country banks
@@wretfsfvdDidn't know that. Thanks. Any source please share.
Indians should quickly improve its vast infrastructure such as roads , railways, clean water supply, uninterrupted electricity, housing,and greatly reduce violence on women and children
India progress not only depend on how much money it have but should measure in the quality of human life as general
All has been done
@@aarthirajaraman7453 what is done? 😂
india is going to stay poor forever unless....It got rid of Magical thinking..and time is running out.. World bank Indian economist check.. .Video " Odds Are Against India Ever Becoming a High Income Developed Country "TheWire
@@aarthirajaraman7453nothing is done yet , but all things are in developing 😊
CONGRATULATIONS BRAVO EXCELLENT NEWS ❤❤❤❤❤
Bharat under Modiji will always flourish.
Bharat sovereign wealth fund should be established.
$45 Trillion was taken from India by Britain over 200 years of rule
@@biggpicture2930"haathi chale bazaar, kutta bhonke hazaar".....it means while an elefant walks on the path...dogs may bark but can't do much.
That is only a fallacy. Indian kingdoms had nothing to do except wage wars among each others before the british arrived.. Because of their destructive nature-always fighting among themselves, the British actually saved their economies. British gave them a united kingdoms called India, and a strong army- strongest in asia, after WW2, so they can go conquering neighboring nations.
@@biggpicture2930 STFU jb pata nahi hota toh phaltu mai dimag nahi chalate it is offcial that they took 43 trillion dollars from us it is fact and even calclated so hence it is true
@@biggpicture2930 India destructive ? Compare yourself.
fist who said to come in india, did we said ?? No , do you know u don't what British done in india please read that and then speake in your book not teach about how u looted india brutel
What's the debt ?
Nice❤
These reserves support the stock borrowing currency loans bases of our country. I'm not too excited about Brics it's a new venture, so I would backup the dollar reserves & Swift countries.
"A successful man is one who can lay a firm foundation with the bricks others have thrown at him". 😊
Bangladesh 🇧🇩 is looking to build up forex reserves of 700 billion just like India.
EXTEND HELP TO ALL IMMEDIATE NEIGHBORS SO AS TO KEEP OUR ENEMIES AT BAY.
Maharashtra share is 35% in 700 billion dollars.
What is the external debt? If also same, then a net zero reserve! A borrowed reserve, not an earned one.
What? No state "owns" forex reserves
Rule 1 increase percapita income.
Just $700 billion?
With Congress Khata Khat policy they will make Bharat join our neighbors with a begging bowl.
how much debt do we have ,,, i mean INDIA ???
External debt is almost equal to our Forex reserves.
India borrowed 700 billion of reserve from Japan.... India only borrowed.
How much debt america have? . How much debt china have , see them then see india
@@LawXnamancannot compare ourselves with America or China. Tata will have more debt than a restaurant in Delhi. Same difference
Soon india will become 2nd
India is going to stay poor forever unless....It got rid of Magical thinking..and time is running out.. World bank Indian economist check.. .Video " Odds Are Against India Ever Becoming a High Income Developed Country "TheWire
BUT CHINA IS 5 TRILLION US DOLLARS
India 's reeserve is borrowed. Borrowing 700 billion reserves from japan, is a debt needed to be repaid.
Compounding will they us there in no time.
Because China is a export based economy, they will obviously have more
At least, half of China's FOREX is contributed by Hong Kong, it being traditionally a financial hub and tax haven, like Singapore. The same applies to Switzerland wherein the banks of this country are being used to stash ill-gotten stash of wealth and cash from other countries.
Japan and China have + earned reserve, got them through trade surplus.. USA is an exception, they have USD as world currency...
She doesn't know or have an iota of idea the purpose of bringing in the tax reform such as GST!. I don't believe in her. She failed the middle & poor class people with multiple taxes. Does she knew anything about finance?. I don't think so.😡
Tax like england services like Somalia
then why did khangress didnt make india like england in 50 ruled years..did they wake up this year to tell this..
Well, people must not overlook the fact that India's F E reserves do no arise from any foreign trade surplus, unlike in the cases of China, Japan or Germany. It is all borrowed money which can vanish at a moment's notice!
Forex reserves dont come from debt. They come from balance of payments, of which trade balance is only one part of.
Borrowed from japan reserve.... so a debt
By crossing 700 billion dollars won't help India to be a developed country when 94,,% of India's population is unorganised 😅😅
These reserves are other people's money that the RBI is holding . It comes from FDI, FII, and remittances from people working aboard. Exports form a fraction of this money. This money will have to be returned if the foreigners wish to exit India and wish to expatriate money back out of India. How is that an achievement? Only the export component of the reserves is truly India's. But that's only a fraction of this amount.
i mean as an exporter who has sold over 700000$ worth of goods aborad its kinda hard to scale operations and maintain profits with the limited worforce small enterprizes have becuase people refuse to work properly in india
@@shashwatbhattacharya9629 Can you speak more to on workforce limitations? Are there not enough qualified people you can hire? Where do you source most of your workers from? Universities? Colleges? High School graduates? What do you mean by people refuse to work properly?
Borrowing from Japan's reserve to make india's reserve Is a BORROWED reserve- Japan will ask for it back.
By that logic US Japan China all of them have a massively negative reserve😂. Go read a book or two about economics
@KaushikkSahu-hp9dp Japan and China have + earned reserve, got them through trade surplus.. USA is an exception, they have USD as world currency...
@KaushikkSahu-hp9dp india is going to stay poor forever unless....It got rid of Magical thinking..and time is running out.. World bank Indian economist check.. .Video " Odds Are Against India Ever Becoming a High Income Developed Country "TheWire
IF YOU HAVE 1 CRORE Rupee BUT owe 1 CRORE, YOU REALLY HAVE NOTHING. You ONLY NEED common sense , not economic books.
India's reserves are borrowed from japan's reserves.. need to pay back to japan.
Japan and China have + earned reserve, got them through trade surplus.. How reserves are earned?..On China, the report said that during January to June 2024, India exported USD 8.5 billion to China while importing USD 50.4 billion, resulting in a trade deficit of USD 41.9 billion. This low export and high import makes China India's largest trade deficit partner.1 Sept 2024
@@biggpicture2930 so? Buying same things from germany or france would have inflated out total trade deficit more....buy cheap until you have the ability to make it yourself. Which will eventually happen looking at the massive success of Make in India scheme....things take time.
Firex means other county's IOU.
Nothing to be proud of.
Eventually other countries do not intend to pay their IOU debts.
Ambecile