India Q1 GDP Data Live Updates: PM Modi says doomsayers were doomed and India bloomed; GDP grows at robust 7.8% defies US-Iran war impact

[Mujahid]

Indian government fudged the numbers..

 

[GatlingGunZ]

Indian government fudged the numbers..

womp womp...

India's forex reserves rise by $11.47 billion to hit record high of $740.80 billion as of August 28

India's foreign exchange reserves saw a substantial increase of $11.475 billion. This brought the total reserves to $740.8 billion by August 28. The Reserve Bank of India monitors foreign exchange market developments closely. It intervenes when necessary to ensure orderly market conditions...

m.economictimes.com

 

[jr_pdf]

womp womp...

India's forex reserves rise by $11.47 billion to hit record high of $740.80 billion as of August 28

India's foreign exchange reserves saw a substantial increase of $11.475 billion. This brought the total reserves to $740.8 billion by August 28. The Reserve Bank of India monitors foreign exchange market developments closely. It intervenes when necessary to ensure orderly market conditions...

m.economictimes.com

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?

 

[retaxis]

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?

India spends nearly half of their tax revenue repaying debt. I find it funny because if you borrow so much money you expect to see huge differences in infrastructure yet you get nothing at all. India truly is land of magic.

India spends roughly 40% to 45% of its collected central tax revenues on interest payments and servicing existing debt. [1]

Understanding the Debt Servicing Cost

• • The Proportion: For every 100 rupees collected in taxes by the central government, a large portion—historically around 40 to 45 rupees—goes strictly toward paying interest on past borrowings rather than new public projects. [1]
  • Impact on Budget: This large commitment limits the funds available for day-to-day government operations, welfare schemes, and infrastructure. [1]
  • Current Trajectory: India's overall debt-to-GDP ratio is projected around 55%, and the government is working on fiscal consolidation paths to lower borrowing pressures and free up more revenue for capital expenditure. [1]

 

[mithun29]

India spends nearly half of their tax revenue repaying debt. I find it funny because if you borrow so much money you expect to see huge differences in infrastructure yet you get nothing at all. India truly is land of magic.

Yes we are doomed nation , please don't troll us .
Hope u mind ur own business .

 

[retaxis]

Yes we are doomed nation , please don't troll us .
Hope u mind ur own business .

no one is trolling lol we are just talking about realism. Where did the money go?

India spends roughly 40% to 45% of its collected central tax revenues on interest payments and servicing existing debt. [1]

Understanding the Debt Servicing Cost

• • The Proportion: For every 100 rupees collected in taxes by the central government, a large portion—historically around 40 to 45 rupees—goes strictly toward paying interest on past borrowings rather than new public projects. [1]
  • Impact on Budget: This large commitment limits the funds available for day-to-day government operations, welfare schemes, and infrastructure. [1]
  • Current Trajectory: India's overall debt-to-GDP ratio is projected around 55%, and the government is working on fiscal consolidation paths to lower borrowing pressures and free up more revenue for capital expenditure. [1]

If you want, I can share:

• The breakdown of India's latest union budget allocations
• How India's debt-to-GDP compares to other major economies

Let me know how you would like to proceed.

 

[mithun29]

no one is trolling lol we are just talking about realism. Where did the money go?

India spends roughly 40% to 45% of its collected central tax revenues on interest payments and servicing existing debt. [1]

Understanding the Debt Servicing Cost

• • The Proportion: For every 100 rupees collected in taxes by the central government, a large portion—historically around 40 to 45 rupees—goes strictly toward paying interest on past borrowings rather than new public projects. [1]
  • Impact on Budget: This large commitment limits the funds available for day-to-day government operations, welfare schemes, and infrastructure. [1]
  • Current Trajectory: India's overall debt-to-GDP ratio is projected around 55%, and the government is working on fiscal consolidation paths to lower borrowing pressures and free up more revenue for capital expenditure. [1]

If you want, I can share:

• The breakdown of India's latest union budget allocations
• How India's debt-to-GDP compares to other major economies

Let me know how you would like to proceed.

If u can ask everything to ai like this , why don't u ask remaining questions of as well from ai

 

[retaxis]

If u can ask everything to ai like this , why don't u ask remaining questions of as well from ai

Because I want to hear it from an Indian who lives in India and enjoys all the wonders of the world that the money has bought you.