DOES INDIA NOW HAVE TOO MUCH FOREX?

Does India now have too much Forex?
Photo courtesy: Live Mint

India’s foreign exchange reserves are at an all time high of US$ 360 billion equivalent due to prudent management. There are definite benefits associated with higher reserves, such as a cushion against global shocks and enhanced confidence in the currency. But there are also considerable costs, primarily the fiscal cost of sterilization and a possible crowding out of domestic activity over time. Will this be enough to survive any prolonged period of stress? There is no one right answer, but higher levels provide greater safety from external shocks.

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  • 22 Jul 2015
  • WerIndia

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In 1989-90, with Rajiv Gandhi as PM and Farooq Abdullah as CM, 400,000 Kashmiri Pandits, Sikhs & Others FACED GENOCIDE - were slaughtered or forced to leave Kashmir overnight. "The Kashmir Files" shows only a small part of this. Should a Kashmir Genocide Law be made and the atrocities be fully investigated?

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आपकी राय

1989-90 में, राजीव गांधी के प्रधान मंत्री और फारूक अब्दुल्ला के मुख्यमंत्री के रूप में, 400,000 कश्मीरी पंडितों, सिखों और अन्य लोगों को नरसंहार का सामना करना पड़ा - या तो रातों-रात कश्मीर छोड़ने के लिए मजबूर होना पड़ा । "द कश्मीर फाइल्स" इसका एक छोटा सा हिस्सा ही दिखाता है। क्या कश्मीर में हुए नरसंहार पर कानून बनाया जाना चाहिए और अत्याचारों की पूरी जांच होनी चाहिए?

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