Indian Economics Thread II

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pmc

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Sardaukar20 said:
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India wants to be a superpower. India wants to promote the rupee trade. India wants Russia to 'give' it the best weapons. India wants Russia to choose it over China.

Yet India is afraid of US sanctions.

So much for India being 'Russia's best friend' in the world.
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India policies have left it very depended.

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Currently, less than 1% of India's trade is conducted on rupee terms. Instead, more than 86% of transactions are made in dollars, leaving India even more dependent on the greenback for trade than the global average rate of 60%.

This dollar overexposure is giving India headaches as the U.S. Federal Reserve tightens monetary policy, and as prices for oil, gas and related products such as chemical fertilizer soar.
Adding to the complications, as much as 44% of the foreign debt of Indian companies is unhedged, leaving them having to dedicate more rupee revenues just to keep up with unchanged dollar payments.
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ficker22

ficker22

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ansy1968 said:
Instead of 56 inch Chest, what they have is 56 inch belly....lol

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Sep 22, 2015 — Narendra Modi, who has said that a "56-inch chest" is needed for fearless and strong leadership, and suggested that he possesses one, ...
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What about 56 inch pinus?
 

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