No, the argument stands as exchange rates are also effected by trade volumes. The more international transactions a country processes, the more demand there is for the host currency. The fact that India is a domestically-driven economy means the Rupee is in less demand than the RMB, and hence its value on the international market. Therefore it's natural for them to have a less valuable currency. But I apparently misread the gap. Oh well, more trolling material against Indians.
CASS: China's GDP surpasses US by 2020
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