What's wrong with Indian Rupee? | Geopolitical case study

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VIDEO INTRODUCTION:
On 11th of July 2022, the Reserve Bank of India a made very very bold announcement whereby domestic traders could settle their imports and exports with Indian Rupees!! This was a very very big deal because India could trade directly with Russia without depending on the American banks!! So in spite of the rising oil prices, we could buy discounted oil from Russia in Indian Rupees. and as citizens of India, we were delighted to see this because we saw this as a gesture of India bravely standing against the West and a giant leap to take the Indian Ruppe Global!!! But exactly 1 year later, there is something unpleasant that came to our notice!! Turns out this strategy has failed to an extent where Now Indian traders are buying Russian oil not just with dollars and dhiram but even with the Chinese Yuan!! Yes, you heard that right, Indian Oil Corp which is India’s biggest buyer of Russian crude oil, became the first state refiner to pay for some Russian purchases in yuan. and At least two of India’s three private refiners are also paying for Russian imports in yuan.
and as much as it is important to appreciate and celebrate the good moves by India, it is equally important to follow up on them and see if there is a tangible output coming out it!!!
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Пікірлер: 1 500

@ThinkSchool

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@justentertainment5658

Hi Think School.. kindly do a video on how politics damaged the development nd resources of Andhra Pradesh and it's capital

@golmatol6537

"Ease of doing business" is absolutely horrible in India ... try getting a GST number ... Govt says it can be done within a day ... reality is it takes more than month of hectic running around lawyers and govt offices to get it done . My relatives, trying to set up a small business, have been through that nightmarish process.

@regophil

One simple reason, rupee can't buy anything other than in India, and Russia doesn't want to buy thing from India. India also refuse to sell Russia certain things because the fear of US sanctions.

@vijayvv2921

I want to express my gratitude and admiration to you who fearlessly showcased the downside of rupee. It's not easy to tackle such challenging issues, and their courage in doing so deserves appreciation. By raising awareness, they contribute to fostering positive change and understanding. Thank you ❤ for your bold efforts....!

@nasarathkhan5315

My indian brother started business in saudi pre covid. He imported all the materials from china. Even same products are manufactured in my indian hometown city. But cost is huge difference.. we both visited plant in china later .. we are surprised the way product manufactured compared to india.. 100 unit/1hr in india .. 1200 unit/1hr in china..

@ceychungyu7462

India will find it difficult to compete with China in industrial production, because China has a vast and reliable supply chain. If you are into tech manufacturing in China, the place to set up shop will be in Shenzhen, because just in a single mall, you will find every components required to be sourced to assemble your design. Like wise from heavy industry to light industry and machine work is all available with in quick reach to the inventor. India should concentrate in uplifting its people to middle class, to create a market for her local production, this will be almost 1 billion market. Once that reaches saturation, the world will be open for Indian competition. With a very prosperous India.

@ptan4120

India's national interests means it is playing both sides. Sooner or later one or the other side or both sides will hit back hard at India.

@aamjoejayakumar5668

Both China and India have the potential to become superpowers. But beating China is a 20 year long process. We must invest heavily on infrastructure and in our people. We must focus on skill building and Indian youths should focus on building a large business rather than running to get a government job.

@balajimudaliar5715

If you can highlight Indian judiciary inefficiency in handling injustice for business is also a factor regarding ease of business

@vruSHARK

You proved that you're not biased.

@blessingskids1

A stable and progressive government is the utmost necessity for India, besides developing manufacturing sector and investing more and more in infrastructure

@diginomad6016

When I went to Indian banks in India to deposit 10 rs coins, they simply denied saying that they have no space to store. That's how these banks works wonders.

@ytrewq182

Im from the US and this was a really good video. Im interested in the geopolitics of the world and this was an interesting analysis of the currency issue. Non biased and facts driven, very cool.