India is known to boast and exaggerate a lot about many things including economics and military and I won't be surprised if their GDP 'growth' are completely made up. I mean India must be the only country in the world that experiences a currency collapse with a supposedly 'growing' economy of above 5%.
You experience such a currency collapse only if you have major flaws in your economy. Fast growing economies with great fundamentals don't experience massive currency collapse. What the fake statistics covered up, the currency markets (through Rupee collapse) exposed to the world about the real situation of the state of the Indian economy and the fallacy of Indian economic 'growth'.
We know most countries fake their stats including the US and China. But the strong Dollar and Renminbi shows there is atleast some real growth in the US and Chinese economies. But I'm not even sure the Indian economy is actually growing since I find it extremely hard to believe a growing economy can experience such a sudden currency collapse.
It defies belief that a country like India that has supposedly been 'growing' around 8% for over a decade can have a currency collapse as it did. This proves the numbers coming out of India has been completely falsified due to either boasting or just for political gains.
What are your thoughts on this?
P.S. Please don't turn this into China vs India debate because I acknowledge that China and the US fake the stats too but not to the staggering extent of India. Just want to be blunt and want an honest opinion. That's all.
You experience such a currency collapse only if you have major flaws in your economy. Fast growing economies with great fundamentals don't experience massive currency collapse. What the fake statistics covered up, the currency markets (through Rupee collapse) exposed to the world about the real situation of the state of the Indian economy and the fallacy of Indian economic 'growth'.
We know most countries fake their stats including the US and China. But the strong Dollar and Renminbi shows there is atleast some real growth in the US and Chinese economies. But I'm not even sure the Indian economy is actually growing since I find it extremely hard to believe a growing economy can experience such a sudden currency collapse.
It defies belief that a country like India that has supposedly been 'growing' around 8% for over a decade can have a currency collapse as it did. This proves the numbers coming out of India has been completely falsified due to either boasting or just for political gains.
What are your thoughts on this?
P.S. Please don't turn this into China vs India debate because I acknowledge that China and the US fake the stats too but not to the staggering extent of India. Just want to be blunt and want an honest opinion. That's all.
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