Why the value of Indian rupee is falling against dollar currency?
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Hey mate here is your answer
Competitive exports , foreign trade surplus , foreign investment for long term and reduction on imports.
Falling Rupee is a simple case of excessive demand for dollars and lack of supply of dollars in our country due to poor exports .
Let us see where we need dollars in our life:-
1) For crude oil , CNG, LPG imports which is over 70 billion dollars and demand is increasing every year .We do not explore our own crude oil and gas reserves.We are also having poor power supply , lack of public transport necessitating private DG sets , vehicles , railway diesel engines leading to more petroleum consumption and imports.
2) Billions of dollars required for millions of rich Indians , who now prefer to vacation and conduct business meetings in foreign countries.
3) Billions of dollars required for millions of Indians who prefer to study in China, Europe , US, Australia or Canada for ultimate aim of settling there.
4) We import more than 70 billion dollars worth goods from China alone , which consists of simple things we can manufacture in India, but do not make them here because of government licensing and tax structure.
5) With online shopping facility , anyone can buy anything from overseas websites like Amazon and Alibaba which is to be paid in dollars.
Hope this answer will help you..《《
Competitive exports , foreign trade surplus , foreign investment for long term and reduction on imports.
Falling Rupee is a simple case of excessive demand for dollars and lack of supply of dollars in our country due to poor exports .
Let us see where we need dollars in our life:-
1) For crude oil , CNG, LPG imports which is over 70 billion dollars and demand is increasing every year .We do not explore our own crude oil and gas reserves.We are also having poor power supply , lack of public transport necessitating private DG sets , vehicles , railway diesel engines leading to more petroleum consumption and imports.
2) Billions of dollars required for millions of rich Indians , who now prefer to vacation and conduct business meetings in foreign countries.
3) Billions of dollars required for millions of Indians who prefer to study in China, Europe , US, Australia or Canada for ultimate aim of settling there.
4) We import more than 70 billion dollars worth goods from China alone , which consists of simple things we can manufacture in India, but do not make them here because of government licensing and tax structure.
5) With online shopping facility , anyone can buy anything from overseas websites like Amazon and Alibaba which is to be paid in dollars.
Hope this answer will help you..《《
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