Indian economic condition : decoded
Rupee - It's is the medium of exchange , Exchange rate of INR to that of other currencies is managed by floating system where market mechanisms of demand and supply determine rate of INR in relation to other currencies . In short the value of Rupee against dollar represent the economic situation of India. Why Rupee Is falling ? - Here is analysis that is simply understandable to all. 1. ) CAD :- ► High Current Account Deficit (CAD) is the main reason that has continuously impeded all efforts of government in arrest the fall of rupee ► India posted a record current account deficit of 4.8 percent of gross domestic product (GDP) in the year ending March * How can we decrease CAD ? - simply by exporting materials / products / services . *Why can’t we increase exports ? - Cause due to high inflation , our products ...