The Big Picture - India's Forex Reserves & Economy

India's foreign reserves crossed the $500 billion mark on Friday for the first time after registering a massive surge of $8.22 billion in the week ended June 5 aided by higher foreign inflows. According to RBI's weekly statistical data, the overall forex reserves increased to $501.703 billion on June 5 from $493.480 billion reported for the week ended May 29. India`s forex reserves comprise foreign currency assets (FCAs), gold reserves, special drawing rights (SDRs) and India`s reserve position with the International Monetary Fund (IMF). In this edition of The Big Picture we analyse India’s rising forex reserves and what it means for the economy.
Guest Name:-
1. Dr. Arvind Virmani, Former Executive Director, IMF
2. Jayant Dasgupta, Former Ambassador of India at WTO
3. S. C. Tripathi, Former Principal Secretary, Finance, Uttar Pradesh
Anchor:- Frank Rausan Pereira
Producer:- Sagheer Ahmad

[@rishisharma2564]

As it is a discussion of economics so we need to listen more carefully but given the circumstances of distorted voices it becomes tough to actually get the point...kindly consider of providing written discussion also until this current situation of virus ends.

[@RAKESHKUMAR-xj3zf]

yes it will be certainly helpful

[@ajayc1299]

Rausan sir tried his best to made the talk as simple as possible and start from basic to advanced. However, all the experts were of that much high standard that none of them could explain what the reserve in simple way instead they were speaking according to their comfort. The Big picture team should have one Academicians(or other who can tell things in simple way) to let viewers understand first, which help increase interest in the talks.

[@sahilvasudev3503]

RSTV is undoubtedly doing great work for aspirants like me... huge respect and thank you

[@Mohit-zn2rn]

Aspirants for what?

[@RAKESHKUMAR-xj3zf]

you are right sahil but it is very important to know how to study and what to study many times we waste a lot of time on current affairs . May i suggest you to see introduction 2 of "govt jobs 70 minutes" channel to get the correct picture

[@vikrantalay4215]

These guys are literally the living legends of the LPG reforms of 1991 this is such a nice debate to hear the legend from the legends themselves

[@rachnaraj5729]

Summary: Forex reserve includes -- 1) Foreign Currency Assests . 2) Gold Reserve. 3) Special drawing rights. 4) India's reserve position with IMF

[@rsdogra1595]

yeah

[@ujwalabathula4757]

Detailed explanation.. Thank you everyone.. I request RSTV to look after certain issues of sound in the upcoming session. It is not clear.. Lot of disturbance in between.

[@TDBengaliGyan]

16:56 Tripathi sir: 😁😁😁 Frank: what happened !

[@sv1500]

Ghar pe kuch hua hoga! :p

[@showingmirror6595]

voice is not clearly audible...😯😐

[@pal9981]

Thank you rstv team for giving us such a wonderful insight

[@vedangbhatt2465]

Wow what a discussion. Thoroughly enjoyed it

[@tothetopic7695]

No doubt they all are expert in their respective fields , thanks rstv for this wonderful discussion

[@chhaya2850]

Sometimes discussion became so high leveled that even people loose there links, and even didn't found crux of debate

[@meghnamamgai9517]

Dr. Arvind Virmani voice is not clear.

[@rhythmarora274]

Productive discussion 😊

[@no_handle_exists]

Sound engineering needs not be better. The voice is not clear at all in the recent videos

[@SKumar-bs7zz]

Audio quality matters 😡😡😡😡😡

[@bharatwala1796]

Audio quality was not good. RSTV needs to do something to ensure good sound, otherwise it becomes difficult to understand.

[@siddhantshekhar5770]

Thanks a lot to RSTV for such a great contents of national and International importance.

[@lalit845]

Lot of thanks sir For explaining whole about forien reserved

[@lalitagurjar3330]

Great Explanation And Great Debate

[@piyushpant3382]

Very fruitful discussion 👍😊😊

[@Posh1229]

Brilliant panel!

[@ankitdhn004]

MR Frank please request guest to suggest reading material for greater understanding of the subject. Thanks.

[@upsccseuppcs4945]

Thanks RSTV :)

[@Sumitk_umar]

Thank you very much rstv

[@senthamilselvan5115]

Creat separate play list for the big picture

[@englishdept.uchana1646]

Finally We're getting something other than COVID19 on RSTV.

[@gauravchauhan9963]

we can't say every time "सब कुछ अच्छा चल रहा है जी " Increase in Forex reserve in current scenario due to 'Covid-19' crisis - 1- world oil prices are in its lowest i.e. 35.78 dollar per Barrel . 2- our imports are shrinked , consumer goods as well as primary products for industries such electronics and pharmaceutical. 3- most of the indian investor stopped there plan to invest money in foreign countries . what India can do with its forex reserve just borrow money from IMF and WB and invest it into to tackle "Covid 19 " crisis humanitarian help, increase health infrastructure as well as use money for boosting your domestic manufacturing industry . If in current situation we will not take right decision our economy will hit very hard and we will many years to revive it . India is in third position in PPP terms and 6th position in overall GDP terms but this is not a very good news because india keeps it position ,in GDP per capita 139 according to IMF 2019 and 146 according to WB 2018. my point is that the real meaning of growth of country is not define by population of that country , we have to see per person life in that country . And the reality is 22 crore of Indian citizens are under poverty , most of the people working in unorganized sector (around 82 %) India is one of the world country where rich poor gap deeply widening . and also we don"t get good FDI ( $44.4 billion in 2018-19 ) in the reality is India gets most the investment in the form of FPI .

[@bikramkumar3923]

Thanks Rstv☺

[@Ganesh_76888]

THANKS RSTV

[@sobiamajeed3302]

Thank u RSTV

[@RAKESHKUMAR-xj3zf]

very nice vidio

[@chanderdevsharma4944]

Bring land and labour reforms as soon as possible to counter china economic dominance

[@hahahahahahahahahhaha9288]

For that we must ban Congress and communists

[@Slayer123-g6v]

@@hahahahahahahahahhaha9288 yes single party system 🙂🤗🤗

[@hahahahahahahahahhaha9288]

@@Slayer123-g6v not single party rule but martial law of indian army.

[@rutupatil3486]

Can anyone tell me summary of this debate .. Here I m unable to listen..

[@prabhatranjan7001]

Sound problem sir. Please rectify it

[@bharatwala1796]

Good point.

[@shiningstar3935]

Pls improve sound quality

[@RajeevRanjan-po7gr]

What's the use of such money which can't be used for providing food and livelihood to the poor. Chest thumping for import cover when we can't cover the cost of providing dignified life of one month to the poor.

[@RajeevRanjan-po7gr]

And that too happened bcoz of low oil prices and low consumer demand. No policy reason and still chest thumping. ,,,😂😂

[@jayant4732]

@@RajeevRanjan-po7gr bcs its best time for buisness firm to corporatise whole cpuntry.... Rstv under pressure and can't invite opposite ideological expert.... All expert came who are in favour of corporates or privatisation..... Bt still rstv talks logic relts to this ideology... Bt the article of the hindu explains the all sides....

[@AkhileshSingh-dw6cv]

Am in class 12th. Am very interested to watch big picture on rajya sabha. Bt am not wholly understand it. Don't know why?

[@ankitbatabyal5541]

Hey brother in class 12 u listening rstv it is good thing.Go ahead .for understanding rstv discussion listen it minutely and u will understand it without any mastering.😊

[@shubhamsharmaji586]

@Akhilesh Singh bro just dont give up this habit of watching rstv. Slowly and slowly you will get your things clear. A little suggestion, start reading some good newspaper daily hindu,indian express or opinions from online sources like think tanks etc.

[@preethirose27]

Abi toh u r child but good work,,, keep it up child

[@RAKESHKUMAR-xj3zf]

You all are right ,It is really a very good channel, but it is very important to know how to study and what to study many times we waste a lot of time on current affairs . May i suggest you to see introduction 2 of "govt jobs 70 minutes" channel to get the correct picture.

[@rodyatube]

RSTV's silence on China is perplexing!! Do you really think people are interested in topic being discussed here.

[@1Ronaq70]

Yes we are

[@rammishra62736]

Voice is crack😢😢😢

[@Mohit-zn2rn]

How does slowdown of world economy boosting the forex reserve of India? Demand for products is decreasing thus low export then how Indian forex reserve grew?

[@vijaypal2441]

Jo Indian people foreign me rahte h wo apne Ghar par jyada money bej rhe h and indian importe jyada thi export se isliye lockdown ke karan importe Kam hui isliye forex reserve bad rha h

[@Mohit-zn2rn]

@@vijaypal2441 so basically remittance and low import boosted forex of India? But this pandemic has brought unemployment, and around half a million Indians have been removed from oil firms in middle eastern countries. Then how remittance was boosted?

[@vijaypal2441]

@@Mohit-zn2rnJo log nikale gye foregin company se wo jitna bhi unka money wha par bank me tha wo sabhi money nikale Kar India me le aae apne sath..19 June ko forex reserve 507 Billion dollars ho gye... unemployment permanent Nhi h..

[@vijaypal2441]

@@Mohit-zn2rn foreign se 98000 crore rupees ki Direct investment bhi aai h jio me..iska bhi yogdan h

[@Mohit-zn2rn]

@@vijaypal2441 fdi ko forex me include karte hai?????

[@shubhamsharmaji586]

Well session was definitely great as always. These economic concepts are far beyond my reach. I think i should search "Economic concepts in 5 minutes." 😂😂😂 Well anyone up for suggestions about clearing these concepts, any sources etc???

[@rajeevkandpal2052]

Macroeconomics NCERT class 12

[@PriyankaSharma-wr1ux]

Mrunal lectures

[@iajdani]

Doesn't they have a dress and beard code for TV anchor?

[@suzimanipur2983]

🙏

[@AbidKhan-dc8xl]

Dr Arvind sir voice is not able to understand what he goonna to say

[@AbidKhan-dc8xl]

Debate got completely fritter due audio glitches

[@kiranprasad7902]

Money not spent is savings so are our half trillion $.

[@muditvashishth2055]

All time high Forex reserves amid Pandemic is Indeed good news for India.