Indian Economic Downfall EXPLAINED!!

DOLLAR VS RUPEE

Indians might have to shed a few more of their hard earned Rupee against the exchange of a dollar. The Indian economy is constantly on a downside due to ever rising factors that prevail in India.

Here are a few listings where this will result into a Handsome loss for the common people.

Automobiles, Gadgets (mobiles, tablets, smartphones), Electronic households (TV, Fridge, etc)

The Electronics and the Smartphones buyers will get a severe blow as the prices are expected to rise in the range of 5-10% when the winter sale kicks off. Due to the products are mostly imported from foreign markets and the govt. subside is not to increase so the Prices are expected to increase. The local suppliers including (Micromax, Spice) though will be available at the same price as was before. Though the automobile companies have already hiked the prices of some of the products, they are unwilling to look into declining their prices sooner.

Foreign Education, Foreign Tourism, Imports

Those prospective students who have an eye for joining Foreign Universities might face a monetary problem if this free-fall of rupee continues.

This summer Foreign Travel have already taken a hit, and is expected to be on the steeper side in the near future.

Imports have also been effected the due to the fall in rupee value. India imports mainly Gold and crude oil.
Now govt. will have to shed more dollar for every ounce of gold imported. Crude oil will face the same problem in Indian Markets who are giants in crude oil import with a consumption of 75% of its requirement.

This is believed to be a historic fall in the price. Still recovery is an option. As per the present news from different sources India have already recovered its max initial chunk yet 8 paise short.

"We believe India will recover its lost bit sooner and will be at par in the race." 

Cheers 

Admin