India is actually very poor. The money they spend selling arms comes from taxes that must be collected through the fiscal system, and these Indian rupees must be converted into U.S. dollars at the foreign exchange management department before they can buy them from all over the world.

The key is that the money must be the money of the Indian Federation, not the money of ordinary Indians. This passage also means that the money used by India to purchase national debt must be the US dollars earned by export companies in these countries from buying things, and then they have to

Convert to rupees at the Foreign Exchange Administration.

Therefore, if India wants more foreign exchange, two conditions must be met. First, Indian companies earn foreign exchange earnings from net exports, and second, India issues more rupees in exchange for these dollars.

However, the money in foreign exchange reserves does not belong to India's finance. It is the result of the Indian central bank issuing additional foreign exchange funds to dilute the wealth of the people. This money belongs to all Indian people and does not belong to India's finance.

India has relatively little foreign exchange. They have no money to import and can only rely on foreign debt to maintain the balance of international payments.

India has no money to buy national debt, so it can only squeeze some money out of its teeth to buy arms. In fact, this behavior is just trying to make a fool of itself.

And to be honest, US Treasury bonds are actually not suitable for India.

Because India is a country that is struggling to make ends meet, its annual foreign exchange reserves cannot make ends meet and there is no money to buy national debt.

Data shows that India’s foreign exchange reserve stock is only more than 300 billion US dollars, which is not only lower than Taiwan Province of China, but also larger than that of the Hong Kong Special Administrative Region.

Not only that, India has also maintained a trade deficit in trade. Its imports are not as large as its exports, and its foreign exchange reserves have a tendency to decrease.

However, India also has advantages. Many Indians go to the United States to work, and the dollars they earn are mailed back to India, forming a considerable part of India's foreign exchange reserves.

In this regard, like the Philippines and Egypt, there are "remittances".