Home -
Original -
Main body -

WikiFX Express

IC Markets Global
XM
KVB
FXTM
Saxo
Elite Capitals
FXDD
EC Markets
TMGM
Galileo FX

Will Indian Economy Go Short?

WikiFX
| 2020-08-11 19:00

Abstract:According to the latest data of the Reserve Bank of India (RBI), the country's forex reserves have surged $11,938 million to a fresh all-time high of $534,568 million for the week ended July 31.

According to the latest data of the Reserve Bank of India (RBI), the country's forex reserves have surged $11,938 million to a fresh all-time high of $534,568 million for the week ended July 31. Its forex reserves have seen sharp rise over the past few months as overseas investors pumped money into Indias stock markets.

1.png

Data source: RBI

However, the country‘s external debt shows an opposite scenario, dropping away from its forex reserves. As of March, its external debt has grown to $558.5 billion from the $474.4 billion five years ago. The ratio of external debt to forex reserves goes as high as 111.7%. By the end of 2019, India’s public debt has reached up to $1,170 billion, accounting for 250% of forex reserves.

2.png

Data source: tradingeconomics.com

Over the past decade, India‘s equity markets have been booming along with the strong momentum in economic growth. But the excessively heavy debt may put economic burden on enterprises and the government because India has a large population as a major developing country. The inverted trend mentioned above implies that India’s forex reserves seem to be very vulnerable.

Indias economy has been highly dependent on dollar liabilities for several years. Once the greenback disengages from India massively, the economy may suffer from near-term hit and surrender its wealth to the dollar capital at any time since global financial giants are going short. Investors should be alert to “black swan” events.

3.png

As a leading media in forex industry, WikiFX App has included profiles of more than 19,000 forex brokers around the world, while providing 7*24 latest market news, interpreting massive forex information, warning against investment risks, and protecting investors fund safety in forex trading.

Please download the WikiFX App for detailed financial information at any time: https://bit.ly/wikifxIN

Economy

Read more

AUS GLOBAL partners with the United Nations to promote Global Sustainable Development

We are honored to share that AUS GLOBAL, as an invited guest of the United Nations forum on Science, Technology and Innovation (UNSTI), successfully completed the important mission of this event on June 20, 2024 at the Palais des Nations in Geneva, Switzerland.The forum brought together dignitaries and renowned business people from around the world to discuss important topics such as global fintech development and environmental protection.

Activity 2024-06-24 12:20

2021 World Economic Outlook

The IMF projects that the global economy will shrink by 4.4% in 2020, followed by a 5.2% rebound in 2021, supporting a V-shaped recovery.

Original 2020-11-25 19:03

Fed survey: The poorest Americans are being hit hardest by job loss - Business Insider

"This reversal of economic fortune has caused a level of pain that is hard to capture in words," said Fed Chair Jerome Powell.

Industry 2020-05-15 07:53

US jobless claims preview: Economists expect another week of decline - Business Insider

"If the current rate of decline continues, claims will dip below 1M in the second or—more likely—third week of June," said economist Ian Shepherdson.

Industry 2020-05-14 08:49

WikiFX Express

IC Markets Global
XM
KVB
FXTM
Saxo
Elite Capitals
FXDD
EC Markets
TMGM
Galileo FX

WikiFX Broker

ATFX

ATFX

Regulated
Exness

Exness

Regulated
XM

XM

Regulated
Neex

Neex

Regulated
IB

IB

Regulatory blacklist
AvaTrade

AvaTrade

Regulated
ATFX

ATFX

Regulated
Exness

Exness

Regulated
XM

XM

Regulated
Neex

Neex

Regulated
IB

IB

Regulatory blacklist
AvaTrade

AvaTrade

Regulated

WikiFX Broker

ATFX

ATFX

Regulated
Exness

Exness

Regulated
XM

XM

Regulated
Neex

Neex

Regulated
IB

IB

Regulatory blacklist
AvaTrade

AvaTrade

Regulated
ATFX

ATFX

Regulated
Exness

Exness

Regulated
XM

XM

Regulated
Neex

Neex

Regulated
IB

IB

Regulatory blacklist
AvaTrade

AvaTrade

Regulated

Latest News

SkyLine Guide 2025 Malaysia: 100 Esteemed Judges Successfully Assembled

WikiFX
2025-06-06 10:42

​Vantage Markets Review 2025: Trusted Forex and CFD Trading Since 2009

WikiFX
2025-06-06 11:53

TradingPRO: A Closer Look at Its Licences

WikiFX
2025-06-06 22:16

The world could be facing another ‘China shock,’ but it comes with a silver-lining

WikiFX
2025-06-06 13:23

A Guide to Intraday Forex Trading You Can't Miss Out

WikiFX
2025-06-06 18:15

CONSOB Blocks Access to 13 Unauthorized Investment Websites

WikiFX
2025-06-06 18:14

Why STARTRADER Is Popular Among Traders?

WikiFX
2025-06-06 17:29

New SEBI Regulations on Intraday Trading

WikiFX
2025-06-06 19:26

Everything You need to know about Barath Trade

WikiFX
2025-06-06 18:38

OctaFX Flagged by Malaysian Authorities

WikiFX
2025-06-07 17:33

Rate Calc

USD
CNY
Current Rate: 0

Amount

USD

Available

CNY
Calculate

You may also like

ANTFX

ANTFX

Capital Sands

Capital Sands

FXlift

FXlift

Atlass

Atlass

SimpleTrades

SimpleTrades

Zonders

Zonders

GOLDEN DAY PROFIT LIMITED

GOLDEN DAY PROFIT LIMITED

 Aviso Wealth

Aviso Wealth

HAMILTON

HAMILTON

Sifang

Sifang