Re: Economic growth?
by Nikhil Shah on Jun 12, 2012 03:26 AM
Yes, The Japanese Yen was set to 300 against the dollar in 1971 Oil crisis, Yet they seem to have benifited from it
China on the other hand set the Rembini to 6-7 to the dollar. Because the of the trade deficit the US now laments and wants the Yuan to set to 3-4 instead 6-7 to the dollar.
Re: Economic growth?
by kanniah krishnan on Jun 28, 2012 01:14 AM
No doubt Economic growth will always strengthen the value of the currency provided the governing authorities do not liquidate such value additions by printing paper currencies, purely helping themselves to siphon funds out of India while equating the budget vs expenditure figures satisfactorily to Comptroller of Audit General. The bubble balloons, no respite from 1950 till date, will continue - we can only watch till death departs us - crooks India Governance - What results when the fence grazes the crops!
At this rate of devaluation, 1 US$ will touch Rs.100, by 2020 - All because of the Incompetence of Indian politician and Bureaucrats. Clearly, India is becoming a 'Basket case, returning to the infamous 'Hindu rate of Growth of GDP - growing at rate less than 2%. From Shining India to Fading India
We are following wrong economic model. We have keep following US by keeping blind eye, but we forget that US is MOST PATRIOTIC and PROTECTIONIST NATION in the WORLD. We must become first patriotic and protectionist before implementing capitalizum in our nation otherwise we will end up in distroying our nation very soon.
Look at the examples of South Koria or Japan, after the accepted capitalizum, their GDP accelerated but their curreny goes in deep water. These nations survived due to their expertise in electronics science. In our case, we are NOT expert any perticular area that we can show to the world, so in the future we will loose curreny and economy.
This world run by Protectionisum and Patriotisum. Take an example of China, after they accepted captializum upto certain level, but still they protecting their curreny and their businesses, so China is still growing GDP with stable currency.
Re: GDP growing but Rupee falling!!!
by vassudev korgaonkar on Jun 05, 2012 06:02 PM
I just wonder..if China can sell serial lights for Rs.30 ..why Indian manufacturers are lagging inproducing such cheap products.
Re: GDP growing but Rupee falling!!!
by siva kumar on May 27, 2012 05:24 PM
We are very good in one thing. corruption. See the examples everywhere around the world. if there is one corrupt person from china or any other country we have 100 corrupt people.The ratio is 1:100.
Re: Re: GDP growing but Rupee falling!!!
by p on May 29, 2012 03:57 PM
Hence, we need to plan and send as many corrupt and master minded persons to different countries so as they can teach, preach, live the corrupt life and send the money made thru these activities to india so as we can be PATRIOTIC AND PERTECTIONIST
Re: GDP growing but Rupee falling!!!
by Nitesh Warke on May 29, 2012 07:53 PM
China is not protecting its currency. Its infact not letting it appreciate against the US dollar(to protect its exports) which is opposite to your expressed views.
Mypocketatm will take over masters n Visa in next 2 yrs and many more such things shd happen. We should support our internal developments only then it can happen
Re: India is
by christopher christopher on Jun 15, 2012 05:42 PM
this is india YSR son is in jail,look his party has won the bye elections. there is no common sense in cdommon people. at the same time dont buy any sumsung galaxy items it is disturbing me a lot
After the WWII the Japanese currency was taking a severe hit at 360 to the dollar. In 1971, the US realised that the Japanese Yen was undervalued and after abandoning the gold standards re-valued the Yen at 300 to the dollar.
Just like China today, Japanese products flooded the world markets in the 70s and 80s. Japan had a trade deficit before 71 was now surplus in 1971.
Just like India, the hefty Oil bills had cost Japan's industrial base, but the low Yen value helped them with exports.
After the 1991 Indian liberalization, India's exports has increased 10x and the surplus has gotten better. Even though the Indian Rupee is undervalued, the increase is exports is important. The overall standard of living has improved since 1991.
Re: The japanese Yen was set to 300 to the dollar in 1971
by ananthan on May 21, 2012 08:39 AM
Exports are due to private sector that supplies goods, noit govt in India & japan.the Govthas not kept our cost low.If we produce high cost goods, no exports will take place.there is no technology products we have created to sell to world, most are body shopping.Govt has no innovation policy to reduce costs.If ruppe can buy in India, we can sell all over.We have trade deficit eternal, oil dependence, poor water supply to villages for agri.these are easy to solve problems but govt sleeps on this.Poor can live happy if Rs buys.USA always keeps$ purcahsing power.indians dont ask for this.Poorpeople we are left @ mercy of changing govts.china has reserves we have no reserves.NRI money can be withdrawn.We have speculative MMS,PC thoughts.speculation was a failure.So Rs is sinking.Govt has no honest approach to hard work.Banks,exporters are in a mess becuase of volatality.Sensex 20000 to 15000 locked banks, so we had to have more interests to recoup banks.speculative finance destroyed US,EU.same happening India.watch out, days will ruin us .
Re: Re: The japanese Yen was set to 300 to the dollar in 1971
by Rahul Ekbote on May 21, 2012 01:39 PM
FYI,China has surplus of dollars which can wipe out all USA internal and external borrowings,so China is deciding international cost of Dollaras by flooding international market with surplus dollar with china
Re: Re: The japanese Yen was set to 300 to the dollar in 1971
by Nikhil Shah on May 24, 2012 08:38 AM
When the Rupee was trading around 5-6 to the dollar, India suffered a balance of payments crisis and our treasury was empty in 1991,
That has not happened since 1991 and the FOREX reserves will be more than $1 trillion after 2020. With no wars and increasing exports our exports will be also above $1 trillion by 2020.
India is doing better than ever before because we can pay our bills for the next several years unlike in 1991.
Though we do not produce high quality products the IT services is still helping us as a flagship economy booster.
I would not worry too much about the price of the Rupee to the dollar because we need to somehow cover our imports of about $350 plus billion and as long is there is no trade deficit we are OK.
Re: 1990 to 2012
by Rahul Ekbote on May 21, 2012 01:44 PM
for many Indian problems like food,water employement,reduceing the population of india is best solution,but all ruling and opposition parties never concentrated on this problem except shri.sanjay gandhi ji,and current and future ruling parties dependent on putting hevay excise,custom,octroi taxes on oil,ao what we buy petrol,diesel for 100 is bought by rs. 50 per liter by govt,so govt. profitterring more than 100 per cent to feed 10 pay commisssioned govt. employess,who never work in stipulated times,also hevay bueden of pension s must be stopped to non working,non responsible govt employess after 10 years,can FM stop this loot?
The appreciation of dollar in terms of the Indian Rupee which speaks its general going spree increase vis-vis the other prime currencies of the world top once again demonstrates that it is the most sought after currency despite a very hectic publicity that US economy is in a very bad shape.Intensely & intrinsically,its economy is not that bad;it had sustained earlier-at least not less than 8 times of recessions only to bounce back with spite.I think, what its economy appears outwardly is only for the consumption of the others while its fundamentals vis-vis its abundant natural resources like minerals-especially gold reserves where it still continues to be No 1,oil of which even a single drop has not been utilised so far,but preferred to import & the infinite forestry ARE very strong.The cream of its economists picked up out of the best in the world will never allow it to meet with a disaster although at times,they may give such an impression.And its cosmic form comes to the fore when once the oil resources of the gulf are exhausted.All the other countries,may perhaps rally around it enjoying the monopoly for their oil needs.So,there is no wonder even if dollar touches Rs 60/-in the near future & may get stabilised there.Obviously,it also speaks where our rupee is going to stand unless the inflation is contained & our exports yielding foreign exchange increases substantially.
