India Economy Thread

[onlinpunit]

Desh sankhat may hy bai log ....

"Analysis by Bloomberg Economics indicated that the RBI may have sold approximately $12 billion worth of gold in late May 2026 to support the Indian Rupee and bolster liquid foreign-currency reserves amid global volatility."

Something unprecedented, before they mortgaged in 1991.

Thanks for worrying for us ! But we have around 125 Billion USD gold reserve ! So we will manage somehow !

 

[I*R*A]

Thanks for worrying for us ! But we have around 125 Billion USD gold reserve ! So we will manage somehow !

I am not one bit worried, it is your pm who said "do not buy gold", "Desh sankhat may hy".

You guys can pretend "Sab changa c" that is better for me.

 

[Nimble]

I am not one bit worried, it is your pm who said "do not buy gold", "Desh sankhat may hy".

You guys can pretend "Sab changa c" that is better for me.

Modis advice of refrain from buying gold is not wrong.... you can save your reserves by reducing gold import.... today is a war situation, we don't know what is going to be middle east future and oil supply.... those who identify the dangers and prepares themselves for tomorrow only they can survive tomorrow....

Similar advice was given by congress in 2013 and that time there was no war crisis even.... but in India congress lovers and Modi haters make an issue out of nothing....

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[onlinpunit]

I am not one bit worried, it is your pm who said "do not buy gold", "Desh sankhat may hy".

You guys can pretend "Sab changa c" that is better for me.

He said so Because the gold price are sky high.

 

[c14-Isotope]

Cars show 26% yoy growth in May

 

[peacemaker99]

He said so Because the gold price are sky high.

Plus it is a worthless purchase anyway