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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 $389.6Bn
STOP LOOKING AT FX RESERVES
1/24 Derivatives products in #DEFI include a lot of things. Future yield trading is one of those =>
@pendle_fi allows users to tokenize and sell future yields & just launched their V2.
So what’s new for users?
All you need to know about Pendle Finance in this 🧵👇:
@pendle_fi allows users to tokenize and sell future yields & just launched their V2.
So what’s new for users?
All you need to know about Pendle Finance in this 🧵👇:
2/24 First of all, if you don’t know what is FUTURE YIELD trading, I would like to congratulate the team for making a pretty interesting webpage to explain all of this:
app.pendle.finance/pro/learn
Learn anon!🧑🎓
app.pendle.finance/pro/learn
Learn anon!🧑🎓
3/24 Pendle Finance launched mid-2021 on #ethereum and also on #Avalanche November 2021
The protocol managed to secure 3.7m$ in a VC fund raising in May 2021
finance.yahoo.com/news/pendle-ra…
That helped the protocol to kick start their product.
The protocol managed to secure 3.7m$ in a VC fund raising in May 2021
finance.yahoo.com/news/pendle-ra…
That helped the protocol to kick start their product.
