G_B_ Posted June 12, 2020 Posted June 12, 2020 Were $273 billion when Modi government took over in 2014. https://timesofindia.indiatimes.com/business/india-business/indias-forex-reserves-jump-8-22-billion-cross-half-a-trillion-mark-for-first-time/articleshow/76341232.cms Combination of RBI prudence and relative fiscal prudence of the Modi government has given India a macroecnomic cushion in this trying economic times. beetle and Straight Drive 2
G_B_ Posted June 12, 2020 Author Posted June 12, 2020 Note the stagnation from 2008 to 2014. UPA 2 spent recklessly.......
velu Posted June 12, 2020 Posted June 12, 2020 BJP is extremely conservative when comes to spending .. out fiscal deficit under BJP until covid was decreasing yoy shows that .. now throw some money on the table and also in infra projects
jf1gp_1 Posted June 13, 2020 Posted June 13, 2020 forward link to imran and let him know that our reserves are more than is gdp so don't tell us how to transfer money to those in need. i do want to said we did have some help from our companies in breaching this number
Straight Drive Posted June 13, 2020 Posted June 13, 2020 (edited) A very good news in the lockdown. India did not progress much from 1950 to 2000. The little progress that was seen was at snails pace. Now India exports a lot more in agriculture products, pharma API and formulations, Software services, Poultry and marine feeds, FMCG products as well as automobiles. Even there is remarkable improvement in exporting defense products to smaller nations. All this has resulted in lessening the gap in what we would otherwise need to import. The brilliant move this lockdown was that government asked the oil exporting nation to store oil in other nations when the oil prices fell drastically. Imagine getting oil at prices which were there a month or so back rather than what they would be after lockdown is over globally. Edited June 13, 2020 by Straight Drive
G_B_ Posted June 13, 2020 Author Posted June 13, 2020 11 hours ago, jf1gp_1 said: forward link to imran and let him know that our reserves are more than is gdp so don't tell us how to transfer money to those in need. i do want to said we did have some help from our companies in breaching this number Imran needs a good distraction Army losing faith in him
G_B_ Posted August 5, 2020 Author Posted August 5, 2020 Forex reseves now at $524 billion... diga and beetle 2
sandeep Posted August 5, 2020 Posted August 5, 2020 2 hours ago, G_B_ said: Forex reseves now at $524 billion... This really isn't a positive indicator at this point in time.
G_B_ Posted August 5, 2020 Author Posted August 5, 2020 Suggests monetary inflows exceed outlows Is positive
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