Why is India collapsing?

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Who cares? It's better if they're poor, that way they can't afford plane tickets.

Rich indians own only dollars

They were always rich indians. The danger come from the young middle class.

Modi...

The young middle class is switching their rupees to dollars

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...

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If you cannot understand this chart, it says that India’s currency has devalued 14%+ in 8 months.

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.

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

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.

Hmm yeah, ok, still there's a trend, and i'm not sure what's causing it

>Flights are getting cheaper though with fewer and fewer safety regulations in the emerging world.

Not for long

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Jews?

Oil prices, low confidence in emerging markets due to Turkey and Argentina, Trump's trade war, and revised interest rates in USA

Intrest rates for india didn't change did they?

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.

Well,We have a prime minister who makes trump look smart.

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

India's currency is the worst performing currency in Asia rn.

Because of destroyer

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Is that because the government took away poor people’s cash?

Stock markets down 2.3% in a day! How do I become a refugee?

SUPERPOWER BY 2020

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((((((((modi))))))))
Gold is crashing too

will he get reelected?

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.

it's because of our huge oil import.

nothing to be wary of, desu.

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

Stop pissing yourself. All of India's macro-indicators are stable and growth is picking up.

The currency depreciation is only temporary

>he isn’t prepping
lmaoing @ your life

lmao, my dad is a richfag businessman and all his contracts come in USD

This is just making us even richer

When the world economy shits itself next year, oil will also.

Isn’t Modi illiterate and a virgin? JUST

>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.

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>dollar rising against all currencies, especially EM
>HURR DURR WHY IS INDIA COLLAPSING

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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.

eat cows

That index is up 6% YoY while the Rupee is down 17%.

>China is down 7%

That was a good thing, as it would compensate for drumpf tarrifs.

Yes. The opposition is a joke

plz buy rafales

But Modi is a bigger joke.
So no.
No one i know supports Modi.

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.

Do you think BJP will win next elections?

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.

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.

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.

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...

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.

Modi is also a joke

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

Same for our political parties

>he’s not indian
Any evidence? He is an Indian citizen.

China doesn’t “fix” their currency anymore than other developing economies. You cannot make the real FX market just vanish.

It’s down 20% since January...
and is down 5% since “last year”.

Not sure where you get your facts

The world would shit the bed next year

Indian Internet Defense full proxies itt

>We can also give Rahul Gandhi a chance.
Fucking zoomers