BHarwana
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This thread is a timeline of Indian economic decline.
Indian Rupee dives a new record low against dollar
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This thread is a timeline of Indian economic decline.
PakSword
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Do you really think that it's not temporary?This thread is a timeline of Indian economic decline.
BHarwana
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The highly publicised Indian growth was temporary. Indian economic decline is the real face of India which media was hiding from the public. But slowly that ugly lady is being unveiled. It will take some time before every one will realize this but this will happen for sure. I can see dummy of Modi burning in streets of India due to economic decline.
Insha ALLAH
Novice09
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He is not an economist... ups and downs are part of economic growth... policies and rules keep changing according to economic situation...
He gives example of FII and FPI pulling out MONEY from stock exchange... he don't know that they invest where they can EXTRACT MORE AND MORE PROFIT...
Exports are on rise... manufacturing activities are moving upwards... Indians are investing more in equity markets... Infrastructure projects are going on in full swing...
Companies (foreign) are investing to EXPAND their business in India... what does that mean... do they want to sink their money by investing in TROUBLED ECONOMY...
Don't believe "NEEM HAKEEM"
BHarwana
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Now you know what is coming next for India? There will be a decline in remittances.
Why?
Because every one working abroad knows that Indian rupee is falling so they will wait for rupee to fall and then send the money back home.
Second the people working abroad from India will now send less money to support their family because when they send money back home they calculate in Indian rupee and now they will send less dollars to against same amount of Rupee. So this effect will further decline the inflow of foreign exchange in India by 3% to 5%. Soon the data on incoming remittances will show this
This will further contribute in declining rupee and value of Rupee will fall further.
Why?
Because every one working abroad knows that Indian rupee is falling so they will wait for rupee to fall and then send the money back home.
Second the people working abroad from India will now send less money to support their family because when they send money back home they calculate in Indian rupee and now they will send less dollars to against same amount of Rupee. So this effect will further decline the inflow of foreign exchange in India by 3% to 5%. Soon the data on incoming remittances will show this
This will further contribute in declining rupee and value of Rupee will fall further.
BHarwana
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Despite Modi's efforts Indian rupee continues to fall at an alarming rate. There is a core economic problem in India which is that all the high figures of growth were fake and media propaganda and now investors are pulling out after knowing the reality.
Indian economy is H1B based economy and goes up and down as number of H1B visas do so no its not temporary, one more term to Trump + one more term to Modi will show real India, going back to Hindu growth rate period.
because Modi found a mysterious way to show 8% growth but its too bad you just cant tell people rupee is 65 to a USD when its not
Novice09
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You again misunderstood the tweet... they are talking about the impact of declining INR on fuel prices... currently INR is up by .08 paise...
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