To start with, I am
very much influenced by hindi movies and so that would reflect in my blogs too.
Please bear with that!
Please bear with that!
The hottest topic of
discussion these days is the falling
rupee and the increasing price of onions
{ahaan?}. I, like many others was taking it as yet another story and how much and for how long
will it affect me until one day when my phone flashed with a forwarded wats-app message from
a friend. At first I ignored thinking of it to be just another message but then the text caught me
off guard. It said that we ourselves are responsible for the sorry state of the Rupee!{How? When?
What did I do dude?}. My mind was filled with all these questions and then I thought a dialog
from RDB
{ahaan?}. I, like many others was taking it as yet another story and how much and for how long
will it affect me until one day when my phone flashed with a forwarded wats-app message from
a friend. At first I ignored thinking of it to be just another message but then the text caught me
off guard. It said that we ourselves are responsible for the sorry state of the Rupee!{How? When?
What did I do dude?}. My mind was filled with all these questions and then I thought a dialog
from RDB
"zindagi jeene k do hi tareeke hote haiek jo ho raha hai hone do chup chap sahte jaodoosra jimmedari uthao usse badalne ki"
Now, we all are and
can keep cribbing about government and its policies for all this, but you and
I very well know that government will do what they want to, and we cannot make or change their
decisions. So here, I am not focusing on why this happened and who is responsible for this, but I
wanna focus on what can be done to fix this? Is there anything that I can do from my part to help
the Rupee stabilize? Or the Inflation to stop growing anymore?
I very well know that government will do what they want to, and we cannot make or change their
decisions. So here, I am not focusing on why this happened and who is responsible for this, but I
wanna focus on what can be done to fix this? Is there anything that I can do from my part to help
the Rupee stabilize? Or the Inflation to stop growing anymore?
The wats-app message
said "If I buy and use made in India products, the Rupee value will
increase!
Like in china people use only made in China and their economy is booming. I was not among the
ones who would blindfold-ly believe, so I tried finding out how will that happen, and here is what I
understood:
Like in china people use only made in China and their economy is booming. I was not among the
ones who would blindfold-ly believe, so I tried finding out how will that happen, and here is what I
understood:
When we buy made in
India products, it increases the liquid money in the domestic market which
in turn help increase the net domestic consumption and can result into curbing CAD (current
account deficit). {OHKAY!}
in turn help increase the net domestic consumption and can result into curbing CAD (current
account deficit). {OHKAY!}
The next step for me
was to find out what are the products that are made in India, and off-course I
wanted to know if it will be feasible enough to use such products. Very soon I got those answers too!
, and then I thought if just by making minimal changes to the brands of my every month shopping
list can make a difference, I definitely wanna do that. After all,
wanted to know if it will be feasible enough to use such products. Very soon I got those answers too!
, and then I thought if just by making minimal changes to the brands of my every month shopping
list can make a difference, I definitely wanna do that. After all,
don't under-estimate the power of a common man.
I am not asking
others or expecting all to do the same, it's an individual's choice - and
obviously if
we already own something which is not made in India we would not throw it (in my case it is my
Samsung smartphone :P). So it just depends, I am doing something which I felt I can and should
do for improving the state of the country. And if you are interested to know which brands you
should be using, I would be happy to help! ;)
we already own something which is not made in India we would not throw it (in my case it is my
Samsung smartphone :P). So it just depends, I am doing something which I felt I can and should
do for improving the state of the country. And if you are interested to know which brands you
should be using, I would be happy to help! ;)
Also, obviously we
are not expected to stop using ALL foreign products, because that will decrease
the FDI's for Indian market and also can have a negative impact on the economy! The ask is to just
use stuff which we do not prefer of a specific brand and can easily switch to a different one!
the FDI's for Indian market and also can have a negative impact on the economy! The ask is to just
use stuff which we do not prefer of a specific brand and can easily switch to a different one!
Please bring on your
comments/suggestions on this post or if you have anything else that can be
done to help improve the situation!
done to help improve the situation!
Lastly,
"koi bhi desh perfect nahi hota, use perfect banana padata hai!"
For those who are
still interested, can read through these references:
This article on
"The Hindu" says India is not in the same condition as that of 1991
and hence
government need not have to take the extensive big steps that we took at that time.
government need not have to take the extensive big steps that we took at that time.
The reason behind
falling market is:
Investors are losing
trust in the Indian market. We need to reduce our imports and our
dependencies on the foreign investments.
dependencies on the foreign investments.
http://www.business-standard.com/article/economy-policy/gold-import-norms-tightened-
further-113090301156_1.html
further-113090301156_1.html
This article on
business standard says that RBI has further tightened the gold import norms.
The
rule of 80/20 has been stricter and any gold import outside of SEZs or EOUs will have to suffer
these rules. However, an investor feels that it won't make much of a difference on the bearish
sentiment of the market.
rule of 80/20 has been stricter and any gold import outside of SEZs or EOUs will have to suffer
these rules. However, an investor feels that it won't make much of a difference on the bearish
sentiment of the market.
A nation is said to
have a trade deficit if it is importing more than it exports.
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