India silently added 2% to her economy In 2 days and nobody noticed

[Tshering22]

India is all set to produce all high end product such as Planes and defense material. India is all set to R &D chips in big way and manufacture the same in India. When this is done, Indian ruppe will literay fly.

Currently India manufactures a lots of engineering goods and we are surging ahead rapidely in car manufacturing.

Today INR is UP 8 Paise against USD.

What I am saying is we are yet to innovate even in areas where we specialise like agriculture technology, water conservation, waste management etc.

Innovation has been brutally suppressed by the education system across India. Even if kids do something good, their seniors or teachers tell them to shut up and not try anything.

This has to stop.

 

[wiseone2]

Your economy only grows in local currency... you cannot rely on exchange rate...

For example Pakistan's economy grew by around 2% in rupee terms back in 2010-11 but about 20% in dollar. It is your local currency which really counts and despite the fact it will give boost in USD... it is wrong method to measure your economy in foreign currency as the USD can also appreciate anytime... your local currency will remain stable

if you can maintain economic output while your currency appreciates your nominal GDP has gone up
The real challenge is your exports become uncompetitive when currency appreciates

 

[MULUBJA]

It is mind boggling. INR is 65.09 against USD. From 67.94 against a USD on 31st December 2016, This is an over 4% rise in last 3 months. This is simply incredible. Rupee is soaring against USD like anything. INR has strengthen against GBP also. I think it has rose against all currencies.

 

[Nilgiri]

It is mind boggling. INR is 65.09 against USD. From 67.94 against a USD on 31st December 2016, This is an over 4% rise in last 3 months. This is simply incredible. Rupee is soaring against USD like anything. INR has strengthen against GBP also. I think it has rose against all currencies.

Very rarely does a currency appreciate/depreciate against just one. The world economy is inter-connected these days.

 

[Surya 1]

Your economy only grows in local currency... you cannot rely on exchange rate...

For example Pakistan's economy grew by around 2% in rupee terms back in 2010-11 but about 20% in dollar. It is your local currency which really counts and despite the fact it will give boost in USD... it is wrong method to measure your economy in foreign currency as the USD can also appreciate anytime... your local currency will remain stable

Our currency increases in real term and valuation as well. We grow by 7.5% in output and in valuation term we grew even higher due to appreciation of currency.