Indian Economy: News, Updates and Discussions


At the end of the calender year 2023, China remains dominant as the number one holder of foriegn exchange in the world; holding more than next 4 put together.

All BRICS full-members except South Africa(rank 37th) feature in the top 10, China ranks 1st, India 4th, Russia 5th and Brazil 10th in the rankings.

Among GCC countries only Saudi Arabia(7th) and UAE(20th) feature in the Top 20. Israel remains at 18th.

Talking of South-East Asia, with only 19 Billion USD Bangladesh ranks 64th just ahead of Nepal at 67th. Amongst smaller countries Lanka(rank 110) with a population of 2.2 crores has USD 3.5 Billions, Maldvies(rank 146) of only 5 lakhs has 0.76 Billions, Bhutan(rank 141) with 8 lakh population has about a Billion. Afghanistan's figures havent been updated since 2021 where it stood at rank 76 with 9.4 Billion USD. No figures are provided by the TTA regime.

Pakistan has 8.2 Billions USD and ranks 79th, the second-lowest rank amongst all countries with population above 100 million. Only Ethiopia(rank 108) with population of 11.2 crores and reserves of 4 Billion USD has lower forex reserves.

1704626559848.png1704626585213.png1704626600213.png
 
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CrumblingCookie said:

At the end of the calender year 2023, China remains dominant as the number one holder of foriegn exchange in the world; holding more than next 4 put together.

All BRICS full-members except South Africa(rank 37th) feature in the top 10, China ranks 1st, India 4th, Russia 5th and Brazil 10th in the rankings.

Among GCC countries only Saudi Arabia(7th) and UAE(20th) feature in the Top 20. Israel remains at 18th.

Talking of South-East Asia, with only 19 Billion USD Bangladesh ranks 64th just ahead of Nepal at 67th. Amongst smaller countries Lanka(rank 110) with a population of 2.2 crores has USD 3.5 Billions, Maldvies(rank 146) of only 5 lakhs has 0.76 Billions, Bhutan(rank 141) with 8 lakh population has about a Billion. Afghanistan's figures havent been updated since 2021 where it stood at rank 76 with 9.4 Billion USD. No figures are provided by the TTA regime.

Pakistan has 8.2 Billions USD and ranks 79th, the second-lowest rank amongst all countries with population above 100 million. Only Ethiopia(rank 108) with population of 11.2 crores and reserves of 4 Billion USD has lower forex reserves.

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Lebanon has more cash than FX reservices than right now!! That is how bad the "boots" have made Pakistan's economy ..
 
CrumblingCookie said:

At the end of the calender year 2023, China remains dominant as the number one holder of foriegn exchange in the world; holding more than next 4 put together.

All BRICS full-members except South Africa(rank 37th) feature in the top 10, China ranks 1st, India 4th, Russia 5th and Brazil 10th in the rankings.

Among GCC countries only Saudi Arabia(7th) and UAE(20th) feature in the Top 20. Israel remains at 18th.

Talking of South-East Asia, with only 19 Billion USD Bangladesh ranks 64th just ahead of Nepal at 67th. Amongst smaller countries Lanka(rank 110) with a population of 2.2 crores has USD 3.5 Billions, Maldvies(rank 146) of only 5 lakhs has 0.76 Billions, Bhutan(rank 141) with 8 lakh population has about a Billion. Afghanistan's figures havent been updated since 2021 where it stood at rank 76 with 9.4 Billion USD. No figures are provided by the TTA regime.

Pakistan has 8.2 Billions USD and ranks 79th, the second-lowest rank amongst all countries with population above 100 million. Only Ethiopia(rank 108) with population of 11.2 crores and reserves of 4 Billion USD has lower forex reserves.

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I think that is a wrong chart, where is Hong kong?
 
With or without HongKOng, the figure is high; almost 5 times India's reserves.

India has also stepped up the game, our economy is growing at 7.3%. Our competition is not countries like BD, Nepal or Pakistan; we need to complete with China.
 
CrumblingCookie said:
With or without HongKOng, the figure is high; almost 5 times India's reserves.

India has also stepped up the game, our economy is growing at 7.3%. Our competition is not countries like BD, Nepal or Pakistan; we need to complete with China.
Click to expand...
Mainland China's foreign reserve and Hong kong's are always counted separately. Actually we even have two different currencies.
 
Beijingwalker said:
Mainland China's foreign reserve and Hong kong's are always counted separately. Actually we even have two different currencies.
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It's no longer counted separately. We are talking about foreign exchange currency mostly dominated by Dollar here, wheather you have 2 different domestic currencies doesn't matter.
 
pikkuboss said:
It's no longer counted separately. We are talking about foreign exchange currency mostly dominated by Dollar here, wheather you have 2 different domestic currencies doesn't matter.
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They are being counted separately, just simply check out China's number can easily see it.
China + Hong kong could always be almost 4 trillion in these years.

_20240107200349-png.8495
 
pikkuboss said:
It's no longer counted separately. We are talking about foreign exchange currency mostly dominated by Dollar here, wheather you have 2 different domestic currencies doesn't matter.
Click to expand...
Don't argue with him. These 50 cent trolls have no idea what they're talking about.

He has a fixed templeate from which to copy/paste. If you say anything he will post 20 propaganda photos with 8000 word essay ehich makes absolutely no sense.
 
1704632193468.png
Employee buses enter the Pegatron facility near Chennai, India, March 7, 2023.

CHENNAI (Reuters) – India’s southern state of Tamil Nadu has signed investment pacts worth more than $4.39 billion with firms such as Apple suppliers Tata Electronics and Pegatron, as well as auto major Hyundai Motors, it said on Sunday.

Apple is counting on India as the next big driver of its growth as the tech giant looks to move some production away from China, with Pegatron working towards a second factory in the country, where Tata Group last year began to assemble iPhones.

Tata Electronics, a part of the Indian conglomerate, committed to invest 120.8 billion rupees for mobile phone assembly operations, the state government said during the signing of the agreements.

“The Tamil Nadu government will support investors in every way possible,” Chief Minister M. K. Stalin said at the event, adding that it sought to play a major role in India’s growth.

Pegatron, Apple’s Taiwan supplier, will also invest 10 billion rupees to expand production, the government added.

The pacts, unveiled at a meeting of global investors, are projected to generate thousands of jobs in the state.

Sunday’s deals include an agreement with JSW Energy to invest 120 billion rupees to develop renewable energy projects.

Auto major Hyundai Motors also committed 61.80 billion rupees, some of it earmarked for electric vehicle (EV) battery and car manufacturing, the government added.

On Saturday, Vietnamese EV maker VinFast agreed to set up its first manufacturing facilities in India and work toward an investment of up to $2 billion in Tamil Nadu, as more companies seek to penetrate the world’s third-largest vehicle market.
 
DDG-80 said:
View attachment 8506
Employee buses enter the Pegatron facility near Chennai, India, March 7, 2023.

CHENNAI (Reuters) – India’s southern state of Tamil Nadu has signed investment pacts worth more than $4.39 billion with firms such as Apple suppliers Tata Electronics and Pegatron, as well as auto major Hyundai Motors, it said on Sunday.

Apple is counting on India as the next big driver of its growth as the tech giant looks to move some production away from China, with Pegatron working towards a second factory in the country, where Tata Group last year began to assemble iPhones.

Tata Electronics, a part of the Indian conglomerate, committed to invest 120.8 billion rupees for mobile phone assembly operations, the state government said during the signing of the agreements.

“The Tamil Nadu government will support investors in every way possible,” Chief Minister M. K. Stalin said at the event, adding that it sought to play a major role in India’s growth.

Pegatron, Apple’s Taiwan supplier, will also invest 10 billion rupees to expand production, the government added.

The pacts, unveiled at a meeting of global investors, are projected to generate thousands of jobs in the state.

Sunday’s deals include an agreement with JSW Energy to invest 120 billion rupees to develop renewable energy projects.

Auto major Hyundai Motors also committed 61.80 billion rupees, some of it earmarked for electric vehicle (EV) battery and car manufacturing, the government added.

On Saturday, Vietnamese EV maker VinFast agreed to set up its first manufacturing facilities in India and work toward an investment of up to $2 billion in Tamil Nadu, as more companies seek to penetrate the world’s third-largest vehicle market.
Click to expand...
WOW!!! This is an inclredible deal.
 
CrumblingCookie said:
Don't argue with him. These 50 cent trolls have no idea what they're talking about.

He has a fixed templeate from which to copy/paste. If you say anything he will post 20 propaganda photos with 8000 word essay ehich makes absolutely no sense.
Click to expand...
You are such a troll who delibrately turn a blind eye to simple fact, Hong kong's finanical reports doesn't count in mainland China's is a well known practice, only you ignorant Indians don't know or pretend to not know it. Can you guys find other non Indians who don't know this simple fact?
 
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