India is currently experiencing an economic crisis is not enough foreign exchange reserves in the country. therefore the IMF International Monetary Fund over the next five years i.e. no need of economic help. Governor of Reserve Bank of India (RBI Chair) raghuram Rajan on the world economy said it popped a discussion.
Rajan, to increase the strength and growth of the Reserve Bank of India several steps. foreign debt is just 22 of GDP compared to country phisad it has a 280 billion dollar foreign exchange reserves, which is phisad of GDP 15. in other words, three quarters of its total external debt payments India alone from the foreign exchange reserves can also short term foreign The debt is 10 phisad of GDP by India to pay debts to sufficient resources.
RBI Chair Governor said the Indians $ 60 billion last year buying gold. the money the country's current account deficit is equal to three quarters of the country remained under pressure if the world could pay in gold. the economy has plummeted, a speed of need to get back on track. Despite this reality is that many of the world's major economies than we would just rapid growth are .
The country's economic growth rate in the year 2012-13 by five decades of grassroots phisad ludhak. current account deficit also 4.8 phisad far's highest level was reached by the u.s. Federal Reserve stimulus withdrawal announcement bucks recorded sharp decline. this crude oil costs of imported goods and heavy turnover.
Rajan warned that arose from the Federal Reserve's stimulus policies affordable money (easy money) is the biggest part of the problem. are a part of India's problems also easy money. this discussion apart from the Monetary Fund Finance Minister p Chidambaram Rajan and head of the people's Bank of China, and Christine lizard Deputy Governor Yi gang said.
Rajan, to increase the strength and growth of the Reserve Bank of India several steps. foreign debt is just 22 of GDP compared to country phisad it has a 280 billion dollar foreign exchange reserves, which is phisad of GDP 15. in other words, three quarters of its total external debt payments India alone from the foreign exchange reserves can also short term foreign The debt is 10 phisad of GDP by India to pay debts to sufficient resources.
RBI Chair Governor said the Indians $ 60 billion last year buying gold. the money the country's current account deficit is equal to three quarters of the country remained under pressure if the world could pay in gold. the economy has plummeted, a speed of need to get back on track. Despite this reality is that many of the world's major economies than we would just rapid growth are .
The country's economic growth rate in the year 2012-13 by five decades of grassroots phisad ludhak. current account deficit also 4.8 phisad far's highest level was reached by the u.s. Federal Reserve stimulus withdrawal announcement bucks recorded sharp decline. this crude oil costs of imported goods and heavy turnover.
Rajan warned that arose from the Federal Reserve's stimulus policies affordable money (easy money) is the biggest part of the problem. are a part of India's problems also easy money. this discussion apart from the Monetary Fund Finance Minister p Chidambaram Rajan and head of the people's Bank of China, and Christine lizard Deputy Governor Yi gang said.
