WHY INDIAN RUPEE VALUE FALLING AND HOW TO CONTROL IT. CAUSES:- 1- Bilateral tryty of government which allows MORE IMPORTS compared to EXPORT. 2- Corruption at every level. 3- Public resistance for FDI and foreign investors (which is result of our political paralysis. more important financials bills are pending in assembly and public is busy in nonsense agendas to divide states) 4- Non payment of tax by every citizen (mostly businessman) HOW TO CONTROL:- 1- Allowing FDI and foreign central banks to invest in government bonds. 2- Minimize usage of imported products (cosmetics, Perfumes, Petrol etc) For Your information out of around 200 countries 140 countries having petrol price more than in india. So pls minimize usage of personal vehicles. 3- More exports incentives and reduce imports. 4- Boosting the manufacturing industrial growth instead of IT sectors which are working for other countries (foreign multinational). I request all aam admi to control usage of foreign imported products, encourage local vendors, pay tax. My personal believe is "if 50% of vehicle owners stopping using their vehicle for at least 10 days RUPPEE may appreciate to dollar value approx 55rs=1dollar. Regards Harun
Posted on: Tue, 20 Aug 2013 18:47:35 +0000
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