(De)Valuation of Indian Rupee

jazzyjazzy

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chromaniac said:
because i make most of my money in dollars?
Adsense return is in dollars:)
 
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selfish motives are making this country a jungle (or maybe worse)
be it politicians or avg man.
every indian needs introspection
 


dovahkiin

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lol i really like it when ppl just blame everything on the govt, the fall of INR means in plain English that Indians are consuming more imported stuff like your cells and all , clothes eteccc and we are not exporting that much now, this is a changing market economics welcome to commercialism the gap or balance of trade as it is called between exports and imports is badly off and for that we can blame our own needs btw RBI will step in soon, we had really pushed the USD back methinks it fell as low 39 INR in early half from 2002 to 2004.
 


aviral sangal

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dovahkiin said:
lol i really like it when ppl just blame everything on the govt, the fall of INR means in plain English that Indians are consuming more imported stuff like your cells and all , clothes eteccc and we are not exporting that much now, this is a changing market economics welcome to commercialism the gap or balance of trade as it is called between exports and imports is badly off and for that we can blame our own needs btw RBI will step in soon, we had really pushed the USD back methinks it fell as low 39 INR in early half from 2002 to 2004.
Well said. Our trade deficit is widening every single day. We are just importing every damn thing. Biggest being the electronics. Dont blame politics for this. Blame the people of india and the work force. If you got to any factory their main concern is the hostile environment which is created by labours. And if you go to China or USA, you will find it entirely different. There is no threat of labour. They work their ass off the whole day. And in india every person is just concerned of how to sit idle or how to get a holiday(this includes me also). We are getting lazy day by day and that is the reason of the trade deficit. Every item is being imported as our domestic production is getting screwed up. India had the best telecom sector at one point of time(Very healthy competition). Now after the magical wand of CAG its totally fucked up. And people praise that Mr. Vinod Rai for his great work. If you notice now we are importing coal as well (after the report of CAG on coal). That is the reason the power price gonna be increased pretty soon. STILL BLAME CONGRESS.
 

experience

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I'm also happy personally but at the same time feel bad for the indian economy. :?
When I first got into online marketing it was like 41 INR. Infibeam fuckers used to charge me 41 INR per dollar when I used to pay via paypal in 2011.