Many are worrying about the ongoing fall of the Indian Rupee. The numbers are not lying: the euro (EUR) to rupee (INR) currency rate is at a 10 year high it seems, as can be seen from the below chart. Something similar is happening between the dollar and the rupee.
India, like many other Asian countries, is undergoing a severe economic crunch. The Indian economy is in a crisis and people are afraid that if they do not take the necessary steps, they will end up in a critical situation. The trend is very threatening and as fear spreads, there are certain voices that call to arms. They believe people are empowered to make an impact on the economy itself. After all, economy is all about demand and supply isn’t it?
Just read the real story of the American Dollar versus Indian Rupee. The main point of the article is that the value to dollar is given by petrol only as the US stopped valuing its dollar with gold 70 years ago. So if India stops using cars, except for emergency reasons only, it would take just 7 days for the dollar rate to come down.
Another Facebook post reads that more than 30,000 crore rupees (over 3.5 billion euros) of foreign exchange are being siphoned out of India on products such as cosmetics, snacks and beverages which are grown, produced and consumed in India itself.
A cold drink that costs only 70 / 80 paise to produce, is sold for Rs.9 and a major chunk of profits from these are sent abroad. This is a serious drain on INDIAN economy. We have nothing against Multinational companies, but to protect our own interest we request everybody to use INDIAN products only at least for the next two years. With the rise in petrol prices, if we do not do this, the Rupee will devalue further and we will end up paying much more for the same products in the near future.
The message is simple: buy only products manufactured by wholly Indian companies.
This is the only way to save our country from severe economic crisis. You don’t need to give-up your lifestyle. You just need to choose an alternate product.Daily products which are COLD DRINKS,BATHING SOAP ,TOOTH PASTE,TOOTH BRUSH ,SHAVING CREAM,BLADE, TALCUM POWDER ,MILK POWDER ,SHAMPOO , Food Items etc. all you need to do is buy Indian Goods and Make sure Indian rupee is not crossing outside India.
There is no doubt that the call to reducing the consumption of petrol and increasing that of local products is spreading among Indians. Only by sharing this information, awareness can be raised. It all depends now on how the BRIC country with over a billion people will react to save their Indian rupee and with what intensity.