Robinhood Pandey
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Care to name some with the sources ?Global economists are predicting a huge crash of Indian economy and an arrival of recession
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Care to name some with the sources ?Global economists are predicting a huge crash of Indian economy and an arrival of recession
What is better source than my self who told you about this decline months ago.Care to name some with the sources ?
What is better source than my self who told you about this decline months ago.
I am a Pakistani not Indian so it makes me fit in the global list.Are you a Global economist ?
"Global economists are predicting a huge crash of Indian economy and an arrival of recessio"
I am a Pakistani not Indian so it makes me fit in the global list.
Here more news
I'm not saying Us would directly sanction India. But there is no cost benefits of fighting off the US. We will deal with the US as we always do, get a concession and, offer something in return and move on. By confronting, we will only make things worse for everyone.
There is no question of US sanctioning India. It's not the 90's.
vehicle.That will not be a lesser evil. It can still affect the value of our currency. This can only save our forex for a while, but we are not in dire need to save our forex like Pakistan. It is not ideal to give Chinese currencies better chances. Given they can easily manipulate it.
To put into perspective, US dollar transactions on a single day is worth $5 trillion. For a big shakeup, we need more than a China India or Russia. It's not going to happen. The villain is not USD, but our appetite for imports. And many stupid deals we made such as the FTA with ASEAN.
How other major currencies are performing against dollar ?You people think I am joking or trolling you? It told you months ago this is going to happen and you are not a super power or an economic power. India is just a 4th world country.
Nope nope nope it is your economy which is in a serious trouble. Very bad and sad situation
@Robinhood Pandey
@zip now you see. With RBI not intervening rupee is going to crash like hell. Your govt wasted $25 billion just to delay what I had already predicted and there is no stopping it. Indian economy is destined for crash.
How other major currencies are performing against dollar ?
Why it is not good for Indian expats ?
Why it is not good for Indian expats ?
Here my friend a new record broken by Indian rupee. This is getting bad real bad. Indian economy will suffer.
I made a 100% valid prediction. If RBI don't intervenes Indian rupee is doomed.
Yep you are 100% on spot. This $400 billion reserve is not Indian money it is foreign loans actually India is broke and they have no reserves of its own. If RBI supports rupee it will deplete $2 billion per week and loan payment is due in March 2019. There is no way India can get out of this.And if RBI intervenes then it will use its so called Foreign Reserves thus reducing these reserves and in fact these reserves are actually just money borrowed externally to artificially jack up the indian reserves. As they say, once a baniya, always a baniya.