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Why is India collapsing?
Jackson Perez
Cooper Price
Who cares? It's better if they're poor, that way they can't afford plane tickets.
Jose Robinson
Rich indians own only dollars
Jaxson Cook
They were always rich indians. The danger come from the young middle class.
Grayson Hall
Modi...
Aiden Sanders
The young middle class is switching their rupees to dollars
Hudson Brown
How is this possible if, officially, India is growing 8%?
They just had a massive bank collapse and the stock market is shitting itself
Wtf I invested so much in Modi...
Jose Adams
If you cannot understand this chart, it says that India’s currency has devalued 14%+ in 8 months.
Andrew Morales
It can only be a temporary fix.
Excessive inflation can destabilize the economy and then they will lose their job.
Also plane tickets are not getting cheaper in dollar like the rest of the economy since it's an international good.
Colton Rivera
It's happening to more 3rd world countries
Turkey, China, South-Africa, Argentina
So i guess the cause is something not really related to india specific
Brody Sanchez
Flights are getting cheaper though with fewer and fewer safety regulations in the emerging world.
China is down 7% while India/Brazil/shitholes are down 20%.
So in a way, China has a higher real exchange rate than before.
Jackson Wilson
Hmm yeah, ok, still there's a trend, and i'm not sure what's causing it
Chase Wright
>Flights are getting cheaper though with fewer and fewer safety regulations in the emerging world.
Not for long
Chase Fisher
Jews?
Evan Moore
Oil prices, low confidence in emerging markets due to Turkey and Argentina, Trump's trade war, and revised interest rates in USA
Isaac Robinson
Intrest rates for india didn't change did they?
Jack Smith
The benchmark rate was increased a few months ago. I don't think there's anything that can be done by the reserve bank to control the slide. The external factors will overwhelm anything it does.
Parker Morgan
Well,We have a prime minister who makes trump look smart.
Caleb Ward
very low IQ post
The US dollar is on an unprecedented rally, it's choking off all currencies in the forex due to strong bets on it. Every single currency is down against the dollar and has been since Trump got elected
It's not the rest of the world is shitty right now, the US economy is just too fucking strong
Carson Baker
India's currency is the worst performing currency in Asia rn.
Connor Taylor
Because of destroyer
Jeremiah Bailey
Is that because the government took away poor people’s cash?
Eli Gray
Stock markets down 2.3% in a day! How do I become a refugee?
Nicholas Edwards
SUPERPOWER BY 2020
Jeremiah Anderson
((((((((modi))))))))
Gold is crashing too
Jonathan Garcia
will he get reelected?
Parker Reed
A world recession that will make 2008 and even 1929 look like a joke is coming. Mostly due to Trump and bad financial planning elsewhere.
Ian Cruz
it's because of our huge oil import.
nothing to be wary of, desu.
Parker Price
Its because raising interest rates in US so investors and funds are taking money back from emerging markets
You will see that again next year when European Central Bank will rise interests too
The post 2008 crisis is over so this is just going back to normal times
Unfortunately lot of emerging countries wasted good years when they were flooded with cheap credits from West
Joshua Cruz
Stop pissing yourself. All of India's macro-indicators are stable and growth is picking up.
The currency depreciation is only temporary
Eli Ortiz
>he isn’t prepping
lmaoing @ your life
Joshua Martinez
lmao, my dad is a richfag businessman and all his contracts come in USD
This is just making us even richer
Hunter Nguyen
When the world economy shits itself next year, oil will also.
Michael Richardson
Isn’t Modi illiterate and a virgin? JUST
Camden Flores
>The Nikkei India Services PMI declined to a four-month low of 50.9 in September of 2018 from 51.5 in the previous month amid a broad stagnation of new business orders and the weakest increase in employment since last November. At the same time, capacity pressure persisted as evidenced by another increase in backlogs of work. On the price front, input cost inflation picked up to ten-month high on the back of higher fuel costs and the relative strength of the US dollar; and average output prices rose the most since April.
Camden Allen
Julian Fisher
>dollar rising against all currencies, especially EM
>HURR DURR WHY IS INDIA COLLAPSING
Noah Turner
What a brainlet post. The shitty financial situation in the West is the same it was before 2008. It's not "bad financial planning elsewhere" and it has nothing to do with Trump. He is just a figurehead, a scapegoat, a fall guy - whatever you want to call him. He is a showman and that's what he is doing - diverting attention from underlying problems.
Nathan Cox
eat cows
Xavier Hall
That index is up 6% YoY while the Rupee is down 17%.
Carter Hall
>China is down 7%
That was a good thing, as it would compensate for drumpf tarrifs.
Ethan Price
Yes. The opposition is a joke
Isaiah Hill
plz buy rafales
Cameron Martin
But Modi is a bigger joke.
So no.
No one i know supports Modi.
Jordan Murphy
Yes.He is also an alleged murder accused of hundreds and his party has been accused of several scams.His party members are famous for being criminals.
They commit a lot of crimes like rape and they support rapists.
Brody Richardson
Do you think BJP will win next elections?
Nathaniel Green
Rahul Gandhi is a complete moron and his party only cares about looting the country. The head of INC isn't even Indian - if that doesn't bother you, you are fucked in the head.
Connor Garcia
I don't believe that they will win.The general public is very much against them other than some hardline hindus who are getting fooled on the promises of temples being built etc.Feel bad for them.
They are falling prey to the propaganda.
Modi is more of a dictator,honestly.
Josiah Sullivan
You are free to have opinions.If we can give a chance to someone's who's accused in riots that killed hundreds,We can also give Rahul Gandhi a chance.The public will decide that.Rahul Gandhi doesn't need scam money by the way.He's already rich and educated unlike what Modi was before his tenure as a CM and PM.
Also,Whoever is Indian by nationality is an Indian by heart.No BJP moron gets to decide who's Indian and who's not.
Jack Hill
Rupee is falling cos india is reliant on oil imports and desu it’s middle of the pack in currency declines.
You can’t compare to China since their growth was during boom times. Plus they fix their currency...
Blake Edwards
Only thing that's Indian about Sonia Gandhi is that she pockets public money. A waitress from Italy with no useful skills whatsoever is now a billionaire.
Elijah James
Modi is also a joke
Adam Murphy
The Chinese stock market collapsed like 40% in the last year. Most companies in developing cojntries simply become overhyped and it's to retarded valuations. Kinda like how Amazon has basically tripled it's worth in a year, but on a national level
Adam Morgan
Same for our political parties
Adrian Bailey
>he’s not indian
Any evidence? He is an Indian citizen.
Bentley Morales
China doesn’t “fix” their currency anymore than other developing economies. You cannot make the real FX market just vanish.
Luke Myers
It’s down 20% since January...
and is down 5% since “last year”.
Not sure where you get your facts
Anthony Johnson
The world would shit the bed next year
Jose White
Indian Internet Defense full proxies itt
Joshua Williams
>We can also give Rahul Gandhi a chance.
Fucking zoomers
Ethan Foster
Rahul Gandhi is a pawn. His mother is the real head of the party.
It doesn't matter if she has Indian citizenship. She was born and raised in Italy, her family lives there, she was moulded by the customs and culture of that nation. Her allegiance lies with Italy.
Aaron Edwards
EMs played with fire for too long.
Gavin Torres
Likewise,Amit Shah is the actual head of BJP.This is a fact,your allegations are not.
Sebastian Barnes
You’re retarded. Just like Modi “ban cash” Pajeet.