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The reason behind graduallly weakning of rupee?
- Thread starter Hemant050
- Start date
Suryavanshi
New Member
Why Indian rupee is weak?
India is the land of Agriculture, coal mines and small scale industries, but somehow all these are not prospering in India. Government is completely moving on western pattern and most of the regular products, even food items are imported from other nations. This has caused price rise and therefore value of money declined. Secondly Indian politicians and famous personalities are using Indian money foolishly and filling their Swiss banks accounts, without bothering about the repayment of debt and then is no good policies that can save Indian from economic crisis. All this is wearing the economic condition of the country and so the value of money is falling.
India is the land of Agriculture, coal mines and small scale industries, but somehow all these are not prospering in India. Government is completely moving on western pattern and most of the regular products, even food items are imported from other nations. This has caused price rise and therefore value of money declined. Secondly Indian politicians and famous personalities are using Indian money foolishly and filling their Swiss banks accounts, without bothering about the repayment of debt and then is no good policies that can save Indian from economic crisis. All this is wearing the economic condition of the country and so the value of money is falling.
i think the reason for this is india is not economically and technologically independent. it buys everything from foreign nations and this is the major reason why indian rupee is so weak. i think government must wake up and do something for the nation. it should invest in research and development so that we can have everything of our own. atleast india should be agriculturally sound and should be in a position to export twice the amount consumed domestically
the main reason is India has become a parasite in this world. it depends for each and everything on the developed nations to create it technologies which it can copy and use later. india should try to innovate and import stuff, only then can the value of indian rupee increase
it think the major reason is india is a big purchase power and it spends more money on importing things than exporting. there is no innovation in india and therefore it cannot exploit other nations. india needs its own resources and technology to improve the existing economic conditions. only then could there be any hope of rupee becoming strong.
Greatindia
New Member
In my view its because India is growing to become a major purchase power rather than exporter of its products. If India innovates products and sells them to other countries, the status of the Indian rupee would increase as there would be more demand for indian products. secondly India should try to pay off the debts of world bank by improving its existing economic conditions.