India Economy Thread

[kmc_chacko]

No issues man, good if you think Bhajpa and its policies are good for your country. I would like to see Yogi take over from Modi.

Unlike in Pakistan, we have election process not selection process. So, first BJP has to get 276+ seats individually and its elected members has to nominate Yogi to PM position, until that I have better chances to become PM than Yogi.

View attachment 200125

India GDP growth on paper looks like Rajesh exports.

Its funny, Pakistan exports are less than half of Rajesh Exports ?

 

[LC150]

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[NeptunesVortex]

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[vasanthm]

Unlike in Pakistan, we have election process not selection process. So, first BJP has to get 276+ seats individually and its elected members has to nominate Yogi to PM position, until that I have better chances to become PM than Yogi.




Its funny, Pakistan exports are less than half of Rajesh Exports ?

Silly how Pakistan’s exports are less than half of Rajesh Exports. In India, individual startups raise more capital than the IMF loans Pakistan keeps begging for.

 

[CallSignMaverick]

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[I*R*A]

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Background music is stolen from famous Nusrat Fateh Ali Khan's song "Sanso ki mala pay simroo may p ka nam".

Edit: Pakistani state and Pakistani singer.

 

[retaxis]

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[NeptunesVortex]

Damn, now it does. India sold gold to defend INR.

https://www.bloomberg.com/news/articles/2026-06-02/rbi-may-have-sold-gold-to-save-foreign-reserves-be-report-shows

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Bloomberg seems to have used Indian gold prices to estimate RBI's gold holdings. But the RBI values its gold using LBMA prices and then converts that value into rupees. When the govt raised gold import duty in May, Indian gold prices jumped by about 10%. If you take RBI's reported rupee value and divide it by these higher Indian prices, it can look like the RBI is holding less gold and may have sold some.

But if you use LBMA prices, which is how the RBI values its gold, there is no sign of any sale. The apparent drop comes from using the wrong price benchmark, not from the RBI selling gold.
That's basically what happened.

 

[NeptunesVortex]

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