The key point is that the money must be the money of the Indian Federation, not the money of the Indian people. This passage also means that the money used by India to buy government bonds needs the dollars earned by the export enterprises of these countries, and then it needs to be converted into rupees in the foreign exchange management department.
Therefore, if India wants more foreign exchange, it must meet two conditions. First, Indian enterprises earn foreign exchange income from net exports. Second, India issues more rupees in exchange for these dollars. However, the money in foreign exchange reserves does not belong to Indian finance. It is the result of the Indian central bank issuing foreign exchange to dilute the wealth of the whole people. This money belongs to all the people in India, not to Indian finance.
India's foreign exchange is relatively small, and they have no money to import at all, so they can only rely on foreign debt to make ends meet. India has no money to buy government bonds, so it can only squeeze some money through its teeth to buy arms. In fact, this kind of behavior is just a slap in the face.
And to be honest, US Treasury bonds are actually not suitable for India. Because India is a country that can't make ends meet, its foreign exchange reserves can't make ends meet every year, and it has no money to buy government bonds.
The data shows that the Indian foreign exchange reserve stock is only over 300 billion US dollars, which is not only lower than Taiwan Province Province of China, but even higher than the Hong Kong Special Administrative Region. Moreover, India has always maintained a trade deficit, with imports less than exports, but its foreign exchange reserves tend to decrease.
However, India also has advantages. Many Indians go to work in the United States, and the dollars they earn are sent back to India, forming a considerable part of India's foreign exchange reserves. Like the Philippines and Egypt, there are "remittances".