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If its not exports and its FDI - then logic dictates it will go bad again.
Investors by definition take away more than they put in.
Its hilarious that people talk about Indian rupee depreciating and start labeling it the worst currency. China undervalues its currency for a living.
As an Indian living in Australia, you should know better than most.
Funny how you are so defensive, considering that it's your fellow Indian who started using racial slurs here for no reason.
But I guess the Indian need to defend this mindset speaks for itself.
Ya true... Nobody wants Indian goods
What are you trying to proof with the above chart ?
India is a net importer so a weak currency will be very bad for India. Your current account balance will be hit hard.
In fact India has even failed to leverage their low currency to increase export.
You should show some figures that showed export has increased before you open your mouth.
Both Exports and Imports Down in May | news.outlookindia.com
Adding woes to sluggish economy, India's exports declined by 4.16 per cent to USD 25.68 billion in May due to unabated slump in global demand and slowdown in domestic industrial growth.
Imports dropped by a sharper pace of 7.36 per cent to USD 41.9 billion, signalling weakening of the economy especially with regard to fresh investments as inward shipments of plant and machinery fell by eight per cent, according to provisional data released today.
Decline in exports in May were particularly witnessed in top exporting commodities like petroleum products (-26.07%), engineering goods (-15.67%), gems and jewellery (-9%) and readymade garments (-15.82%).
This is 1 year data of Indian Rupee....
I can see 3 Rupee difference which is closing very fast
This is 1 year data of Indian Rupee....
I can see 3 Rupee difference which is closing very fast
Thanks for not banning that Boson guy by the way, Asim.
For the Indians here to use racial slurs like "chink" towards your Chinese guests, surely deserves a second, third, and fourth chance before being banned.
Next you'll feel ashamed when some one calls you a "chinese".
So, you are still defending your post in which you called us "chinks"?
Not much else can be expected from a country built on the Caste System.
If its not exports and its FDI - then logic dictates it will go bad again.
Investors by definition take away more than they put in.
So, you are still defending your post in which you called us "chinks"?
Not much else can be expected from a country built on the Caste System.