Discover and read the best of Twitter Threads about #externaldebt

Most recents (3)

1. #MaxHastings needs to bone up before sketchily declaiming ‘#histrionics in the #West’ about #ChineseBeltandRoad #lending, @thetimes 30 July 22, p 33. Becoming, like that #LeCarré, another raging '#nationaltreasure' discharging disaffected drivel.
2. Surmises of #moralequivalence between #Chinese and #Western rapacity by #MaxHastings are tenuous. #Pakistanieconomists, long critical of the #BRI, would remind him how 27% of #Islamabad’s #externaldebt, $90bn as of April 2021, is now owed to #Beijing.
3. #Pakistan, since 1988, has been bailed out 12 times and in talks for a thirteenth reprieve as it requires at least $41bn to sustain #foreignexchangereserves. #IMF suspicion of #dodgyChinese #powercompanies borne out in recent #reports.
Read 7 tweets
एक दो दिन से अधूरे तथ्य बताकर भारत के विदेशी ऋण के विषय में भ्रम फैलाया जा रहा है और श्रीलंका का हवाला देकर कहा जा रहा है जल्द ही भारत की अर्थव्यवस्था का हाल भी श्रीलंका की तरह हो जायेगा।

श्री लंका जैसी हालत होगी नहीं लेकिन वैसी होने के लिए जिम्मेदार कुछ लिबरल सरकारों की (1/6)
राज्य सरकारों के कारनामे ही होंगे जिन्होंने मुफ्त की लंका लगाने के चक्कर में फ्री बिजली फ्री पानी फ्री कंप्यूटर की राजनीति में बेतहाशा कर्जा ले रखा है।

आइए आपको भारत की आर्थिक स्थिति और विदेशी ऋण के विषय में कुछ फैक्ट बताता हूं:

📌 भारत आज भी PPP में विश्व की तीसरी सबसे (2/6)
बड़ी अर्थव्यवस्था है।

📌 भारत आज GDP में विश्व की 5वीं सबसे बड़ी अर्थव्यवस्था है। (2013 में 11वीं अर्थव्यवस्था था)

📌 कोरोना महामारी की विपरीत परिस्थितियों को मात देकर, मात्र दो वर्ष में वी शेप रिकवरी करते हुए भारत आज विश्व में सर्वाधिक 8% से अधिक की दर से बढ़ने वाली (3/6)
Read 8 tweets
My take on Pakistan’s #ExternalDebt. (Thread)

This graph shows the rise of our external debt over the last 10 years. We borrow because we have a big deficit of dollars whereby we are spending more than our earnings so we have to borrow to bridge the gap otherwise we default.
PMLN totally wrecked the economy in their last 3 years & deficits went through the roof. Moreover they artificially maintained dollar rate by pumping borrowed foreign currency into market. You can see the effect on external debt; thus the graph starts to rise steeply from 2015.
When PTI took over, they made major necessary changes; such as letting the dollar rise, decreased imports, increased fuel and energy prices & increased interest rate to decrease the deficit.
Read 8 tweets

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