Wow, I said this is a dangerous signal. The foolish kids are still happy about it. The apparent increase in foreign exchange is actually India borrowing from overseas Indians at high interest, and you interpret the debt as reserves. This 138 billion US dollars will need to be repaid starting next year. From this it can be seen that India's foreign exchange reserves are mostly such foreign currency debts, just like a penniless man who uses multiple credit cards to get cash. This fully shows how bad the financial situation is. Relying on usury to run the national economy, selling state-owned enterprises, restricting gold and overseas travel, high-interest borrowing—let's see what Modi can still come up with: Ask China for help? Ask the US for help? Ask the IMF for help?