HEYYY,
#Answer for 50 points#
ONE QUESTION WAS ROAMING IN MY MIND SO I THOUGHT TO ASK YOU PEOPLE
.
.
.
AS WE KNOW THAT INDIA'S GDP IS 8.2% WHICH IS PRETTY AWESOME(India lies on 5th rank in fastest growing economy) AND IT IS STILL INCREASING
.
.
.
SO MY QUESTION IS WHY VALUE OF INDIAN RUPEES IS DECREASING DAY BY DAY ???
GOOD GDP GROWTH ALSO AFFECTS IN INCREASE OF VALUE OF CURRENCY
BUT, WHAT IS HAPPENING IN CASE OF INDIA ???
Give appropriate answer
Answer my each question
And don't copy
YOU CAN ALSO ANSWER IN HINDI
Answers
app for the estimate released by central statistics office on August 31 India economy as measured by the gross domestic product grew by 5.7% in the first quarter of 2017-18 compared with 7.9 in the same quarter year ago. this is the slowest space of GDP growth recorded sees the NDA came to power in May 2014 India Group by strong 19.1 % in the quarter from January 2016 to March 2016 the growth recorded in the substation quarters was 7.9%, 7.5%, 7% and 6.1% so this is a fifth quarter in a row that the growth has slept with the paste of declined picking up Momentum in the last two quarters. the gross value added in the economic growth at 5.6 % between April and June the same page as the previous quarter but sharply lower lower than the 7.6% growth in the first quarter of the last year.
Reason = = = = =
have a look at the chronology of Indian rupee exchange rate policy since independence =
> in 1947 India became part of IMF and rupee tied to proud( one rupee = 1 pound)
> in 1949 Pound devalued India maintained par with pound
> in 1996 rupee is devalued from $1 =Re 4.76 to $1 = Re 7.50 .
>in 1971 August rupee to dollar / gold International Financial crisis.
Hope it will help you
______✨ HEY MATE ✨_____
➡️app for the estimate released by central statistics office on August 31 India economy as measured by the gross domestic product grew by 5.7% in the first quarter of 2017-18 compared with 7.9 in the same quarter year ago. this is the slowest space of GDP growth recorded sees the NDA came to power in May 2014 India Group by strong 19.1 % in the quarter from January 2016 to March 2016 the growth recorded in the substation quarters was 7.9%, 7.5%, 7% and 6.1% so this is a fifth quarter in a row that the growth has slept with the paste of declined picking up Momentum in the last two quarters. the gross value added in the economic growth at 5.6 % between April and June the same page as the previous quarter but sharply lower lower than the 7.6% growth in the first quarter of the last year.