India

 In this blog, it is the continuation of the previous blog 'INDIA'. So let me discuss about economy of India during the past, now and future. 

Economy of India:-

India is a vast country full of people which literally means the economy of the India could be possibly high and it's even true. Economy of India (G.D.P) during the year 2022 in nominal wise is 3.535trillion$ and ppp during the year 2022 is 11.745trillion$. Coming back to our point 'How India achieved this feat ?What was the past performance of India in economy sector? So let me answer this questions.

The economy of India during the 1950's was 30.6billion$. 

India's Economy was best between  1st and 17th centuries. India is estimated t have largest economy during medieval and ancient period. India was controlling 1/4th of the economy of that time. India was at a highest peak in economy those days and now we have America, China and Russia competing of position 1 across all formats. India not so far and secured 4th place in almost all formats. India is trying to develop it's rupee but sadly Indian rupee is currently at it's highest stake against dollar. Now India need to focus on it's rupee to compete against other nations in aspect of power of a currency of a country. India is struggling to develop it's economy now. 

Now let me tell me the rise and fall o Indian currency till now:-

In the starting of the year 2000 we could see that India currency value was 44.17 against dollar and now it is 81.45, so basically you could see how Indian currency value is increasing a lot.

The Indian rupee need to revived by R.B.I and all other fellow Indians. It is only possibly if Government of Indian and R.B.I makes great and good decisions on our currency which is 'Rupee'. 

The main reason of Indian rupee falling is crude oil prices which is expensive due to ongoing war between Russia and Ukraine. Even tightening of Global financial conditions, we can see Indian rupee increasing in 2022. But why was our Economy decreasing since our Independence? 

Let's answer that question asked above.

The reason is India went to wars after our Independence with our neighbouring countries which are Pakistan and China. India was already facing issue to pay foreign bills, food crisis and India went wars in 1960's with China and Pakistan, So India had no other option to devalue our currency and even Indira Gandhi which was our P.M that time did the same thing.

Then in 1991 India faced economic crisis as country couldn't pay import goods and foreign debts, So India had to devalue it's currency once again

From 4rupee after our independence to 80rupees now. India has depreciated it's currency 75rupees till now.

Which is really a shocking thing to our India and I hope our Government will take great and good initiatives to revive our currency and stabilize it.

So like this is a continuation of our previous blog, So it took some time for research it has been delayed from it's release time, Hopefully next blog can release tomorrow at 7:00pm. Thx and allow notifications of this blog.

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