Why India Took A $5 Billion Loan From IMF #shorts

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Hi, I am your host Siddhartha! I have been an entrepreneur from 2012-2017 building two products AddoDoc and Babygogo. After selling my company to SHEROES, I and my partner Nansi decided to start up again. But we felt unequipped in our skillset in 2018 to build a large company. We had known 0-1 journeys from our startups but lacked the experience of building 1-10 journeys.

Hence was born The Neon Show (Earlier 100x Entrepreneur) to learn from founders and investors, the mindset to scale yourself and your company. This quest still keeps us excited even after 5 years and doing 200+ episodes.

We welcome you to our journey to understand what goes behind building a super successful company. Every episode is done with a very selfish motive, that I and Nansi should come out as a better entrepreneur and professional after absorbing the learnings.

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[rajathgupta]

It's like relationship between CEO and CFO in the corporate world

[ashwaniphy]

No one discuss about Russia Influence to India before USSR disintegration. USSR was helping India in building their manufacturing units. It is not just a coincidence that USSR disintegrated in 1991 and India looked for Globalisation. This was not a rocket science that Narasimha Rao and Manmohan Singh looked for this option. It was Inevitable, It would say we delayed it because of pressure from Soviet union.

[standardgroup]

I don't think there was any loan repayment problem during Indira Gandhi's time. It was only after Chandershekhar became PM, the Dollar reserves became a problem. They had only 15 days of Dollars reserve left.

[dharaneeswarreddy]

And That is the Highest Gold which india put at IMF as collateral despite we sold indian market for foreigners which is bigger then loan we got. Reducing value of rupee is bribe given for loan to sanction.

[themask]

Largest loan distributed between all the politicians

[Gaurav]

Just 5 billion 😢..now firex is above 600 billion time changed

[Yesm-nrxv]

This is how diplomats and leaders were interlinked
Now its different

[year]

Right decision, having a good credit history is important

[mrgz]

Social Media....
Any and Sundry can say anything, without quoting the source

[ganeshmk]

1) India 🇮🇳 Defence Export in 2013-14 ₹686 to 2023-24 ₹21, 083 ( 31 Times increased ). 

2) India 🇮🇳 Total Exports in 2013-14 $465 Billion to 2023-24 $777 Billion ($312 Billion increased). 

3) India 🇮🇳 is Fastest Growing economy 7-8%.

4) India 🇮🇳 4th Largest Foreign exchange reserve $670 Billion (2014= 11th to 2024= 4th).

5) India 🇮🇳 8th Largest Gold reserve 855 Tonnes (13 Times more than Pakistan).

6) India 🇮🇳 1st in Foreign Remittances $125 Billion.

7) India 🇮🇳 is the 5th Largest Economy $3.9 Trillion.

8) India 🇮🇳 4th Stock Total market Cap value $5.7 Trillion.

9) India 🇮🇳 FDI Total 2014= $36 Billion 2023= $71 Billion ($35 Billion increased).

10) India 🇮🇳 have 118 Unicorn Companies.

1) 🤯 India 🇮🇳 Economy in GDP 🤯
2004 GDP Rank is 12th $709 Billion dollars.
2014 GDP Rank is 10th $2.04 Trillion dollars.
2024 GDP Rank is 5th $3.9 Trillion dollars.

👍🏻 Increased GDP Comparison in 10 year's ✅ 

2004-2014 = $1.33 Trillion increased. 
2014-2024 = $1.91 Trillion increased. 
Differences = $580 Billion.

2) 🤯 Foreign exchange reserves 🤯
2004 India 🇮🇳 rank 7th $140 Billion.
2014 India 🇮🇳 rank 11th $329 Billion.
2024 India 🇮🇳 rank 4th $680 Billion.

👍🏻 Increased Reserve Comparison in 10 year's ✅

2004-2014 = $189 Billion increased. 
2014-2024 = $371 Billion increased. 

3) 🤯 India 🇮🇳 GDP per capita income 🤯
2004 = $624
2014 = $1, 560
2024 = $2, 850

👍🏻 Increased GDP per capita income in 10 year's ✅
2004-2014 = $936 increased.
2014-2024 = $1290 increased.

4) 🤯 India 🇮🇳 Total FDI inflow 🤯
2004 = $4.3 Billion
2014 = $36 Billion
2023 = $71 Billion

👍🏻 Increased Total FDI inflow in 10 year's ✅

2004-2014 = $31.7 Billion increased.
2014-2023 = $35 Billion increased.

🇮🇳❤👍🏻 Thank you Narendra Damodardas Modi ji 👍🏻❤🇮🇳

[juson]

In 1991 it was billion loan. Not sure if this 5billion loan was in 1981

[atirath]

It was a shameful experience for Indians. Never again.

[johnbabu]

There is an error. It did not happened during Indra Gandhi's time, since by 1990 she was already passed away.

[vidurbutalia]

Can you trust someone who puts the loan figure at twice its real number? Stop getting your information from people who publish shorts on YouTube. Read books and watch long form content. Otherwise you’ll get 2.2 billion from someone and tell everyone it was 5 billion.

[s-qcns]

Oir current finance minister is Vasooli Bhai

[amitmahapatra]

Why is Indira Gandhi's picture being shown as the PM. She had passed away in 1984 and the IMF loans were happening in 1992

[vinor]

Why not the Indian Treasury print the $5 billion against the gold reserve and loan it to the government? The IMF did exactly that!!

[Youdonthavetolike]

Corruption is main reason for Indian debt. For decades corruption kickbacks in every defence deals, infra contracts and all kinds of everything.. Caused India to go for loans

[kare]

Same scamgress questions modi now ...irony ...😂😂

[senthamilselvanrajamanicka]

IMF loan availed Indra Gandhi to develop country (Defence & Economy)and to alleviate poverty ❤❤❤