India to the rescue of crisis-hit Pak? G20 host to propose haircuts on loans to lenders | Report



India could possibly be drafting a proposal for G20 countries to help debtor nations badly hit by the economic fallout from the pandemic and Ukraine war. Citing sources, Reuters reported that India will be asking lenders including China, worldโ€™s largest sovereign creditor, to take a large haircut on loans. Finance ministers and central bank chiefs from G20 nations will meet in Bengaluru next week. This will be the first major event of Indiaโ€™s one-year presidency of the G20. Watch this video for details.

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33 thoughts on “India to the rescue of crisis-hit Pak? G20 host to propose haircuts on loans to lenders | Report”

  1. Here, India's debt accounts for 89% of India's GDP. First of all we have to get out of debt, then we can help other debt-hit countries. There is no way for us to get out of debt. In which, Are you going to help other countries?

    Reply
  2. Kya chutiya giri hai, India ne khud ka dekhne ki jaroorat hai ! Pehle khud k karze chukao na.. India jab 1000 octillion U.S dollar economy hogi tab dusre ko madad karne ki soche !!
    550 billion forex reserves are nothing even when compared to china, so jyada fudakne ki jaroorat nahi hai !!

    Reply
  3. NAMO led Bharat will always be distinguished.
    NAMO pledged his life for the welfare of Bharat & Bharatiyas….
    Always one helping hand for the welfare of
    Troubled countries…… great initiative ๐Ÿ™

    Reply
  4. No need for this gesture. We must remember. They will never give up their hatred for India. Theyโ€™ll start with the same things as always once theyโ€™re out of this mess. India should just relax sit back and watch this whole thing take itโ€™s own course. No need to be sympathetic

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  5. This plan is to keep a check to China as they are largest lender to Pakistan
    Modi knows very well that even hair cut wonโ€™t bring back the Pakistan Economy. But it ll hurt Pakistan China relations if China didnโ€™t do that.
    If China did that then its would be a loss of money for China.
    In One stone two mangoes.

    Reply
  6. Thatโ€™s my beloved PM Modi jee โœŒ๐Ÿป๐ŸŒน๐Ÿ™๐Ÿป May god bless him with lot of strength and good health. ๐Ÿ‡ฎ๐Ÿ‡ณ๐Ÿ™๐Ÿป jai Hind ๐Ÿซก๐Ÿซก

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