Monday, July 18, 2022

The Falling Rupee!

The Indian rupee has fallen to a historical low, it's now Rs. 80 to a dollar. In 2014 the year Modi became Prime Minister it was Rs. 63 to a dollar. So we do not need more proof that the Indian economy under Modi has taken a tremendous beating. And while Modi himself drums up his achievements India is today in a very sorry state. In fact we have witnessed similar policies that drove Sri Lanka to bankruptcy and famine. Most parts of the country were unable to get a timely supply of fertilizers. While the government radio messaging was that farmers must switch to organic farming. To the credit of the hardworking Indian farmers they produced grains enough to sustain the year. The way Modi increases fuel prices and now GST shows that the government does not care about the economy. It only cares about how they can loot the people.

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