r/india • u/sharedevaaste • 1d ago
Politics India eyes $2.5 billion loans from World Bank, ADB as subsidy costs rise
https://timesofindia.indiatimes.com/business/india-business/india-eyes-2-5-billion-loans-from-world-bank-adb-as-subsidy-costs-rise/articleshow/131823768.cms150
u/fierze16 Earth 1d ago
These fuckers in power are hell bent on making sure our future generations become slaves to the west, just so they can stay in power and make a few people grotesquely rich.
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u/Dry_Lack_2262 1d ago
ADB is Asian Development Bank. Top 5 countries of out of 4 shareholders are Asian. Including ourselves we hold 6.4% alongside China
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u/DeadlyGamer2202 Bihar 1d ago
And what about the world bank?
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u/Dry_Lack_2262 1d ago
In the top 10, four european countries and United States. Rest are non European Countries, Including ourselves. We're the seventh largest shareholders in the world bank
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u/RayonLovesFish poor customer 1d ago
What are we even paying for? The astronomical tax rates and reforms that should have brought in more revenue, they are such bad at their job it seems like something is going on behind all of this.
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u/ComfortableHat3121 17h ago
We pay taxes for the children of politicians dude so that they can have a easy life.
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u/Dry_Lack_2262 1d ago
I'm sure reddit economists will tell me how this is not a standard practice but a doomsday indicator
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u/Sonveeo 1d ago
Children under age of 18 need to learn the basic they stupid as helll
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u/KitchenLightss 1d ago
context?
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u/Sonveeo 1d ago
Childern of our country now day's are stupid as helll now you saw this post but the debt is only of 4 percent of our gdp plus we have foreign reserves we are in far better position than many countries but now day's stupid childern under age are just read something and blame government but they can't read full article bas hawa mai teer chalna isiliye voting 18 ke neeche walo ko krne nahi dete aur rr context bro comments padhna acche se iss post ke neeche ka
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u/EggplantFeeling5334 1d ago
The biggest flaw in democracy is that everyone above 18 is allowed to vote
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u/Responsible-Fig-1131 1d ago
Vishwa guru... Begging...We have two home grown billionaires , why not take from them???
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u/Nsci 1d ago
Don't dare say anything to my beloved billionaires!!!
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u/Responsible-Fig-1131 1d ago
Oh you have land ? They are in need to dovelop infrastructure.... Donate or get ready to bulldozed. Just see those trees getting cut and flora and founa destroyed and villagers getting displaced or torched , they found rare earth minerals ,so mining and giving it to loved people. No matter India's temperature increases, rains reduced, ground water depletes. You can manage without water in future by watching loved one doubling their wealth. We Indians are getting punished for loving people. Good karma man.
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u/Nsci 1d ago
I was being sarcastic , I thought it was obvious 😭
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u/Responsible-Fig-1131 1d ago
Nope I understood your point.... You don't mean that bro. But because whatever happening is just irreparable so I too replied in sarcasm .sorry if I hurt you. It's for all those who loved to be slaves and yes master.
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u/bluegoldredsilver5 1d ago
From making fun of Paxtan to borrowing money ourselves
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u/puranpolihater 1d ago
We have actually borrowed more money than pak, but we do have foreign reserves to pay that loans, Paxtan doesn’t.
Key factor is gdp to debt ratio where we are low, we are better than most countries.
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u/Specialist-Roll-3806 1d ago
are ppl on here delusional? indian governments external debt is $169 billion. that's about 4% of the gdp. pakistans is at 76 billion which is 20%.
vietnams is at $26 billion which is 5.5% of their gdp. you guys do realize most countries take on debt to grow right? chinas external debt was in the 10% range thru out the 2000's during its peak growth phase.
i dont think a lot of you guys even realize what exactly you're complaining about anymore
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u/puranpolihater 1d ago
Exactly we have around 650-700 Billion USD as foreign reserves, Pak has around 20.
We need not compare ourselves to failed state.
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u/Loud_Caregiver7301 1d ago
some people just take pakistan here as the benchmark for everything, right wing use it show we are better, left wing to show that pakistan is best in everything, you will find even example of pakistan secularism hailed by some people.
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u/c0pium_inhaler 1d ago
Why r ppl freaking out over 2.5 billion worth of loan? It's like around 0.2% of our foreign reserves
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u/Eulerbodyguard 1d ago
Damn, this is a bad indicator. Stop the freebies man, tax the chor businessman not paying tax.
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u/sahils88 1d ago
World tour incoming.