BHarwana
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Very sad news for Indian economy. This has made investor confidence all time low in India. Very sad news for economy.
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While depreciation of INR is a worry...
See... Indian economy is doomed and people are pulling out...
Walmart's acquisition of 77 percent stake in Flipkart has made the income tax department richer by over Rs 10,000 crore after the American retail giant agreed to pay all dues in consultation with the government. The payment by Walmart brings to an end the uncertainty regarding tax dues related to the $16-billion transaction, which included a $2-billion fresh investment. As a result, the taxes were paid on the basis of the share sale estimated at $14 billion.
https://economictimes.indiatimes.co...a-from-flipkart-deal/articleshow/65733827.cms
Very sad news for Indian economy. This has made investor confidence all time low in India. Very sad news for economy.
HI BHarwana, I am a novice in economics.As the markets started their business today. The famous worst performing currency in Asia broke an other record today. Indian is crashing like the fragile economy of India making a new record of low value against dollar.
This is very sad and really bad for Indian economy.
Indian are angry that Pakistan is laughing on this whole thing and they are actually angry at govt for its failure but they don't know weather to express that emotion or not.To all Indians defending the government...
what falling rupee or rising fuel price has to do with Pakistan?
No they cannot keep doing that because if they do that then they have no money to repay the debt due in March 2019.HI BHarwana, I am a novice in economics.
But what happens when RBI intervenes. Can't they save the Rupee? I understand they need to spend $2 billion every week to sustain the value. Can they keep doing that?
Nope you are wrong it is already 72.50Also, I just checked. It's 72.33 a dollar now.
So what happens now?No they cannot keep doing that because if they do that then they have no money to repay the debt due in March 2019.
Nope you are wrong it is already 72.50
Nothing dollar will keep going down until India RBI interviews to stop it or until it reaches where is actually belongs. Indian economy is not growing it was just an artificial media campaign done on the backs of loans and now slowly true face of Indian economy is being revealed and the actual figures of Indian growth will soon be revealed and that picture is very bad.So what happens now?
True, but then the RBI can't keep pumping in 2 billion USD every week. They will go broke or unless they start printing money without any gold reserves to sustain it.Nothing dollar will keep going down until India RBI interviews to stop it or until it reaches where is actually belongs.
True, but then the RBI can't keep pumping in 2 billion USD every week. They will go broke or unless they start printing money without any gold reserves to sustain it.
I am also Indian and angry too but on Indian governmentIndian are angry that Pakistan is laughing on this whole thing and they are actually angry at govt for its failure but they don't know weather to express that emotion or not.
I am also Indian and angry too but on Indian government