Pakistan - News and Discussion -7

[Naresh]

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India is a net importer. Which is not that good.

So, what is increasing india's forex reserves then? It is the FDI and the remittances by NRIs to family members.
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<b>LSrini Ji :</b>

AAA : INDIA’S EXTERNAL DEBT

31-03-2006 : USD 125.181 BILLION

31-03-2005 : USD 123.204 BILLION

BBB : INDIA’S TOTAL FOREIGN EXCHANGE RESERVES INCLUDING GOLD :

31-03-2006 : USD 151.622 BILLION

31-03-2005 : USD 141.514 BILLION

CCC : FOREIGN INVESTMENT INFLOW :

FY 2005-2006 : USD 20.243 BILLION

FY 2004-2005 : USD 14.967 BILLION

I believe, India considers its <b>Exports</b> as items were there is a Physical export of Goods.

Items like Software Services – including ITes i.e. BPO etc. – along with Foreign Remittances by Indian & NRIs are considered as <b>Invisibles</b>

Thus from above figures it is evident that India has a <b>Net Increase of about USD 9 Billion</b> in its “Foreign Trading”.

I am not able to find Statements about the Foreign Investment Inflow being included in the External Debt and/or Foreign Reserves.

I would suggest that for your further requirements you should check on the http://www.rbi.org.in Web Site.

Cheers