Thursday, November 17, 2011

Positive Thinking : though I am worried about US Dollar rising against Indian Rupee..

This time even all Big shots - billionaire Industrialists, businessmen,
all the players of capital markets and Analysts are also worried about
Rupee depreciation which leads to rise in fuel imports, commodities, all
other imports, rising fiscal deficit , current account deficit etc....

Is there any manipulation?
I remember Mr. Subbarao, RBI governor in his last term indicating
in the meeting of world central bankers that he would like Rupee become
the "Reserved Currency" in his own term of office. 

Who stops RBI from strengthening Rupee? Or I do not understand
the foreign exchange Mechanism?

Positive thinking ......I love India 

my country  whether it is  rich, poor 
or anyway it is.

"It is Normal to love your motherland and it is abnormal to hate  your Motherland"

1> British Pound is 80 Rs and  Euro  is 65  Rs.  - Still these
economies are behind us taken into consideration PPP (purchasing power parity).
According to PPP we are 4th largest economy which will be 3rd largest
economy by crossing Japan's economy by March 2012.

Even without PPP consideration, we are ninth largest economy
already crossed Russia and Canada lately.

2> Without comparing with other countries, India's own GDP,
GDP per capita, Net worth per capita and many and many other
yardsticks for economy are doubled or increased many fold post
2000, especially after 2005.

3> Number of millionaires  and billionaires are increasing in
India and China  at the highest rate than in any other country.
Out of which millionaires are upper middle class.

4> Developed Economies are gonna have less than 1 to 1.5 %
GDP growth for a decade ; and Emerging Economies typically
6 to 9 % for the same time.

5>Due to God's grace,  By this time if can crackdown the real culprits
and traitors of the country ...... India will be free from their
conspiracies forever....

6> All people having sound knowledge about economics,
foreign exchange should jump in and save the country
from national disaster .....biggest disaster of all i.e.
someone in power in India is destroying India for the
welfare of sinking USA by depreciating Indian Rupee
against USD. (No other country has depreciated its currency
as much as India has )

Warm Regards
Mr. Bankim Shah

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