Discover and read the best of Twitter Threads about #forexreserves
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#BustingMyths #ForexReserves #Modinomics #MUSTREAD
Judging a Country based on its #ForexReserves is like Judging a Persons Networth based on his #SavingAccount balance & not his #LoanAccount balance.
Judge #Modinomics on #NIIP (-ve $390bn)
And Not on FX Reserves (+ve $506bn)
Judging a Country based on its #ForexReserves is like Judging a Persons Networth based on his #SavingAccount balance & not his #LoanAccount balance.
Judge #Modinomics on #NIIP (-ve $390bn)
And Not on FX Reserves (+ve $506bn)
So what is #NIIP or Net International Investment Position. Let me quote @FinMinIndia Economic Survey
NIIP is the difference b/w an Economy’s External financial Assets & Liabilities.
If Economy = Person, NIIP is Assets (Property, Deposits, Investments) less Liabilities (Loans)
NIIP is the difference b/w an Economy’s External financial Assets & Liabilities.
If Economy = Person, NIIP is Assets (Property, Deposits, Investments) less Liabilities (Loans)
As per FY23 Economic Survey released by @FinMinIndia before budget, India's overseas financial ASSETS at US$ 847.5bn but India's International LIABILITIES was higher at US$ 1,237.1Bn
Assets ($847.5) LESS Liabilities ($1237.1Bn) = NEGATIVE $389.6Bn
STOP LOOKING AT FX RESERVES
Assets ($847.5) LESS Liabilities ($1237.1Bn) = NEGATIVE $389.6Bn
STOP LOOKING AT FX RESERVES
Rural Broadband project, #BharatNet,rolled out by @narendramodi govt,to be implemented via PPP model,will ensure,every inhabited village in 16 States will have Optical Fibre Connectivity,with overall cost at 19041 Cr
3.61 lakh villages will get broadband,OTT&Multi media Services
3.61 lakh villages will get broadband,OTT&Multi media Services
On economic front,good news is,for FY21,India saw Current Account Surplus (CAS) of 0.9% of GDP,versus Current Account Deficit (CAD) of 0.9% in FY20
Under inept #Congress,#CAD rose to 6.8% in 2013 but it has been less than 2% in last 7yrs,under @narendramodi govt,which bodes well
Under inept #Congress,#CAD rose to 6.8% in 2013 but it has been less than 2% in last 7yrs,under @narendramodi govt,which bodes well
Just look at the kind of transformative work being done by @narendramodi &his team
PM Matsya Sampada Yojana to boost #Pisciculture,with a Rs 20000 Cr corpus &subsidy in the range of 40%-60%,is a huge boost to agri&allied services sector
#Modinomics #PMModi #ModiHaiTohMumkinHai
PM Matsya Sampada Yojana to boost #Pisciculture,with a Rs 20000 Cr corpus &subsidy in the range of 40%-60%,is a huge boost to agri&allied services sector
#Modinomics #PMModi #ModiHaiTohMumkinHai
#AatmaNirbharBharat is not just about Vocal for Local,but creating ecosystem that welcomes global investors&while in 1991,India had to pledge 47 tonnes of Gold,to raise $400mn,under @narendramodi govt,our #ForexReserves are $590bn,3rd highest globally
#7YearsOfSeva
My Thread👇
#7YearsOfSeva
My Thread👇
The Modi Govt ’s most important work has been in domain of women empowerment--From banning commercial surrogacy,to amending Medical Terminal of Pregnancy Act,to Menstrual protocol, strengthening POCSO&banning instant #TripleTalaq💪
#7YearsOfModiJi
#7yearsofModigovt #7YearsOfSeva
#7YearsOfModiJi
#7yearsofModigovt #7YearsOfSeva
Farmer welfare is top priority for The Modi Govt;From sowing to selling& insurance,#FarmLaws give Farmers freedom to sell at price they wish to&at place of their choosing
Over Rs 1.35 lakh Cr credited directly to bank accounts of Farmers via #PMKisan
#7yearsofmodi #7YearsOfSeva
Over Rs 1.35 lakh Cr credited directly to bank accounts of Farmers via #PMKisan
#7yearsofmodi #7YearsOfSeva
Left liberals went berserk,citing #ParleG sales,last yr
Now that #Britannia reported phenomenal 117% jump in profit,on back of solid 22% volume growth &82% rise in #Ebitda,biscuit sales don't matter,huh?
Britannia's 27% revenue growth, clearly shows,#Greenshoots are for real💪
Now that #Britannia reported phenomenal 117% jump in profit,on back of solid 22% volume growth &82% rise in #Ebitda,biscuit sales don't matter,huh?
Britannia's 27% revenue growth, clearly shows,#Greenshoots are for real💪
#HdfcBank reported yet another stellar qtr,with #Profit up 20% in June qtr at 6658.62Cr,despite #Provisions rising 49%
NII up 17.8%,Advances up 20.9%&
Deposits up 24.6%
#CapialAdequacy went up from 16.9% to 18.9% YoY,though regulatory requirement is only 11.075%💪
#GreenShoots
NII up 17.8%,Advances up 20.9%&
Deposits up 24.6%
#CapialAdequacy went up from 16.9% to 18.9% YoY,though regulatory requirement is only 11.075%💪
#GreenShoots
#BharatBondETF raised 10000Cr, oversubscribed 3x
#YesBank raised 95%,14270Cr@ lower end of band of Rs12-13
In less than 5 months,from being run aground by #RanaKapoor&Co,to being rescued by #SBI,under aegis of @narendramodi gov&raising capital,is a great turnaroun
#GreenShoots
#YesBank raised 95%,14270Cr@ lower end of band of Rs12-13
In less than 5 months,from being run aground by #RanaKapoor&Co,to being rescued by #SBI,under aegis of @narendramodi gov&raising capital,is a great turnaroun
#GreenShoots
