My TOP MONEY APPS: ►Ditto: bit.ly/39OmdPv ►Vested [US STOCK INVESTING]: go.vestedfinance.com/Akshat (COUPON CODE: AKVES100) ►TaxBuddy: filemyreturns.taxbuddy.com/akshat _______________________________________________________ ►Check out my stock market courses here: wisdomhatch.com/finance/ _______________________________________________________ ►My management consulting course [taught by me and an Ex-Mckinsey]: wisdomhatch.com/management-consulting/
Akshat for making this successful India needs to be an export master. China could adopt this policy as world depends upon them. We don't even have basic manufacturing setup leave anything else
India lacks the fire or you can say the greed to think big. Indians are happy saving (read stealing) some lacs in taxes. ye mentality change hogi tbhi kuch ho paega... yt influencers can play a big role in this. I feel really bad when ytbers like rachana ranade make videos like save xx thousands in taxes. wtf dude. why not only make videos like make xx thousands/lacs by doing this or that. saving ka bhoot jaega tb tarakki ka bhoot ayega.
@@chawlagrv I totally agree with you working class like eg I'm a hotelier we are paid 16- 17k month with no overtime and then also after we get 5lpa we need to pay taxes and what business class do save taxes and enjoying their life fullest.. how country will grow this If India wants stable currency we need to stop this shitty influencers & announce this as illigal activity even CA plays very imp role saving taxes.
The reason it wont really work is because we export less than half of what we import and sometimes not even 10% is exported. Unless we are a major exporting nation, we can't really ask any nation to use our system.
What are the major imports oil and gas, weapons, minerals coal which only weapons we need to import from china, Europe uk us and russia. First step we are import more oil from russia in terms of rupees then mineral from such as gold and other things,. Now after COVID pandemic african and other asian countries changed their view about china us and western countries. Russia and Ukraine war started food crisis and economy damages which hit the most of the poor nations and developing nations severely. They know who started this war and china investment loan trap damage so many countries like srilanka, this will makes the countries people go against their leaders and western countries . Russia president says the real war is not started yet, so when the real war starts Europe economy will collapse, food is the important thing to live, so india is 3rd food producing agricultural country, indonasia already banned the palm oil but now they want India's wheat our country demand it for the palm oil in exchange. If you were hungry you will ready to give yourself, so wait for the coming days you can't eat dollars and weapons or machines, only food is the need, western countries will eat tablets because of their richness. This the million dollar question you will find the answer.. We Indians not fully leads luxorious life, only 10%. If situation arise we will survives much better than other countries . Because we are self sufficient in the agricultural production. Our country feeding ,almost every country men. In the COVID pandemic period our govt gives free rice wheat and vaccination to every country men. Oil and gas is the problem which we will facing difficulties now but not for a long , sure we will produce and tranfer to alternative energy within 5to 10 years whichever the govt leads.
@@ManiS-wd2eu TLDR; none of it matters because our food management is total trash and the aggricultural yield will srop both from degrading soil, climate change as well as lack of fertilizers. You assume that our current situation is perpetual. Its not.
This may be true but now we will have more money as we wont pay commissions to USA as trade is not taking place in USD. This is a move to take out USD as standardized international currency. USA basically takes a piece in every trade as commissions on forex irrespective they are participating in the trade or not
And one most important point is, if you trade in dollar and for that keep a good amount of dollar holdings, your money may be frozen if the western allies target you (see, Iran Russia). So, to reduce dollar dependency is a sort of gaining international economic Independence. Come on guys, for too long we have trusted the predators.
India should buy huge amount of oil from Russia in Rupees for both India and Sri Lanka. Since Russia is in deep waters they will agree to it. And then sell it to Sri Lanka in INR, Sri lanka will agree to it since they r in deep waters as well and 1INR=4.5SR which is obviously better. We r benefiting while savings two friends. Win win for all. Well things r not always this easy
India is building a settlement system which will enhance trade between Russia without intervention of West(American Dollar) and also attract other countries like Iran and Venezuela.
Akshat.. please please please make 1 detailed video on how to learn investing. You can cover following points:- 1. What subjects/topics to learn. 2. Resources to follow. 3. Info/ resources to ignore 4. Time horizon to dedicate for learning about investing till we find and develop our individual investing style. Make the video considering someone who has no background knowledge in accounting, business, economics and other subjects. Thanks! 💯🔥🙏
Shlipa understand this equation - MONEY WANT PER YEAR*(DIVIDND YIELD/100) = HOW MUCH YOU NEED TO INVEST. EX. YOU'LL HAVE TO PUT 1CR TO GET 10 LAKHS RS ANNUALLY AS DIVIDEND. IF DY IS 10%.
Starting early is the best way of getting ahead to build wealth, investing remains a priority. The stock market has plenty of opportunities to earn a decent payouts, with the right skills and proper understanding of how the market works.
Godi and RBI are not worrying, only media and public are worrying on rupee fall and economy fall. Godi is trying his best to breach 100 mark. Hope he will succeed like happened in gas price , edible oil price and petrol price. He wants to add another feather in his cap.
I still don't understand why the rupee will increase against dollar with rupee settlement. Rupee depreciation happens for multiple reasons interest rates , political situation , investors taking money back from india etc .. IF rupee settlement is magic idea .. then every country will create there own currency settlement . So need to give broader picture .
Haha u are explaining theory and missing logic, once our $ reserves not reduced rupee will not depreciate, also between $ exchange to other countries they are getting service charge, so once stopped this $ system, US economy fall down will start, once US economy goes down then your rupee will increase again
@@ggireesh007 But the problem is decrease in USD does not mean the value of INR increases. A ltr. Of refined oil will still cost 200 INR it's just that instead of 2.5 USD it might cost maybe 2.75 USD Or 3.2 USD. It's like to get a better rank either you score more or decrese the other guy's marks but even if the other guy gets bad marks, your rank increases but you still have the same marks. Feel free to correct me, I haven't wrapped this concept around my head properly yet.
India do not need to keep buying usd, we pay in INR and the inr stays in India, this money they can invest in India back without conversion, so in that case no exchange of currency happens, inr won't get weeker.
It is extremely funny to think of & laugh off parity between US Dollar and Indian Rupee. There is a historical reason. US Dollar = Rs.7/= + in 1980s. True. At that point of time I was a young man & banker. In a proud moment of being an Indian I too dreamt like this man. The bitter truth today is US Dollar = Rs.80/=. It is not yet over. Rupee has been in free fall every day. We indians don't work on economy only. We are very much serious about how to divide Indians along religious & casteist lines. We waste our time & energy on that. It is an utopian dream to think of parity of US Dollar & Indian Rupee.
Indian russian trade strategy is heavily dependent on USA sanctions. As long as russia is susceptible to these economic sanctions this strategy will not work.
How about Forex reserves , it will not go up if we accept INR for export. This will impact our forex reserves,but as of now due to current scenario it's a logical step taken by government
Jab audience retention ghatega tab akshat ko 12 se 15 min to krna hi padega bcoz nobody watches 20 min videos everybody wants to watch videos of 5 to 7 different creators and if every creator makes 10min video and akshat makes 20 min then obviously nobody will spend that much time on a daily basis
In short run it will reduce our dependance on dollar for oil imports from Russia. But what will Russia do with all those rupees? Unless India becomes a net exporter.
Hi Akshat, Let us say our trade partners settle the deal in Indian rupees. Can you please explain, what would happen if a country like Russia accumulates 1000's crores. What are the adverse effects?
Valuable info Akshat. Thanks. For any trade if India demands other nation (apart from Russia and China) to pay in inr, do we lose the trade or would they abide to our currency usage policy?
Being a member of policy and governance board in investment board of LNG compant. rupee settlement system will only help in ease of transaction but not increasing the value against $$... this has no value...
Hey Akshat, can you also comment on the other arguments in the circle right now about how it may be a great short term solution but may not help in long term ? Thanks so much for sharing such insightful thoughts.
There is no strict control on how much a country can print it's currency. With all currencies dep against dollar, risk is more for dollar. We need to be trade surplus to demand inr settlement.
This trading in rupee should have been made with the neighbouring country then this situation of falling rupee would have not occured but even if the falling of rupee would have occured the. It would have been less challanges to adopt it with other countries like Russia .
Hey Akshat, I've been noticing that you've been facing lots if criticism lately regarding your views and the Vauld issue.... wanted to ask how have u been dealing with it?
This is the first video that I saw of yours. As a person who has studied economics and deals with economists on a weekly basis, there are a few things that need to be highlighted. 1. It trades less than 5% of its exports with Russia ($8 b in imports and $3 b in imports). So, this is hardly game-changing. 2. India's largest trade partner is China, EU, and the US -- who are rich and unlikely ever to accept INR. 3. India is not economically strong for other developing countries to trust INR at least in the near future (at least 15-20 years). 4. For us to become stronger, we need to grow at 12-15% annually after inflation for next 10-15 years. We are growing less than 3% in the past 5 years after adjusting for inflation. 5. In fact, we had the slowest growth since independence on average in the last 5 years. Another myth is that INR breaching 80 is bad. It is not. Growth of a country is not dependent on the exchange rate. 1 US dollar = 1,310 South Korean Won. But South Korea is one of the most developed countries. It is because it is an export-oriented economy - it exports more and earns in dollars which when converted yields more money. INR breaching 80 or even 100 is not bad. But India needs to become export-oriented economy but our current policies are quite bad (high tariff rates, more crony capitalism, incentizing wrong sectors). Summary: INR will not stop falling. It will breach 85 within the next 1 year since the world is facing a debt crisis and foreign investors are pulling money out of developing countries like India as they are scared and trust only the dollar for now.
When we talk about reducing dependency on USD and boosting indian rupee payment system, how will this certainly lead to a boost in our foreign reserves?? Wouldn't us moving away from USD reduce our foreign reserves??
First off, this whole scheme is half-baked. Wishful thinking. It will never work. But to answer your question, the point is to not rely on USD as part of your foreign reserve. To better understand this problem, imagine you the individual are a country, and India is the entire world. In this world, the only way you can buy something is in INR. So where do you get this INR from? You sell something for which you receive INR in exchange. In most cases, what we sell is our labor. Therefore, this INR that you received in exchange is your foreign reserve. The more INR foreign reserve you have, the better life you have, in terms of creature comforts. But one day, you realize that other people are giving you less and less INR in exchange of your labor. Your labor is losing value in comparison to INR. But your expenses in INR are either the same or growing. You are quick to realize, if this trend keeps up, you'll soon run out of INR foreign reserve. India as a country is in the same boat as the hypothetical you. For you, as an individual, the challenge is, where do I get more INR from, and for India, the country, the challenge is, where do we get more USD from? The solution to this problem for India is nearly as difficult as you trying to find an alternative way to buy things without the use of INR in India.
@@stevesmith4901 Thanks for a good breakdown!! Appreciate it!! Yes, I understand that we want to increase our foreign reserves by decreasing our dependency on USD, but that would also open our country's financial stability on other global currencies right, which might not be the best thing looking at EURO's crash as an example. Yes, I agree it is difficult for any country to agree buying goods in any currency other than USD, but that is what they are trying to change.
@@divyankjain9704 India basically wants to redefine Foreign Reserve. Presently, foreign reserve is another name for USD. But by trading with every country in their respective national currency, India will have to maintain a foreign reserve in every single currency India wants to trade with. This would be the most inefficient way of trading. Nobody can keep track of a hundred currencies they own around the world. Cannot be done.
@@stevesmith4901 yes, that's exactly what my concern is!!! Maintaining foreign reserves in multiple currencies will be one of the biggest hindrance in our financial growth I believe, RBI will definitely find a solution to this issue also I guess.
Does the USA wants monopoly and gains only if dollar is used all over the world in foreign exchange? Is it not possible, like in ancient times, just barter trade between two trading countries? It would be good if you could do a detailed video on this subject. Today’s video, as always crystal clear
Dear Mr. When you explain the supply of INR is goverment controlled mechanism RBI is not bothered and demand as well is not on RBI control as its goverment integrated output productivity of the state. What basis supply of iNR is calculated against GDP.? Only rubee settlement system will not solve the india falling value without real output against the real demand. It's not falling of currency value . Its falling of output per demand.
Hi Akshat, Can you throw some light on the exchange rate mechanism going to be applied to the new INR trading system as to how the exchange rate of INR would be decided and on what basis. Exchange rates would be crucial in any trading system. Thanks
Exchange rate of the currency with respect to the USD. Basically the USD will still be used as the benchmark, but the two parties will settle the dues in their respective currency. As he said for the system to be successful both the sides have to agree, for example if China from whom India imports the maximum amount of goods agrees to eccept payment in INR that would save us a lot of USD, but this will never happen because what will the Chinese do with all those INR? So until atleast 20 to 40 major trading nations agree to use the method, it will remain a good concept BUT not widely used. Instead India has to become a major exporter and tell other countries to pay in INR for their purchases. ( like Russia did recently in the case of their gas exports to Europe).
Hello, Totally love your content. Can you please make a video explaining the different investment vehicles for managing the emergency funds? Leaving them in a savings account is like literally seeing the money burn!
BUT THERE'S A DISADVANTAGE OF THIS US WILL NOT LIKE THIS AND THEY WILL TEND TO PRESSURISE INDIA TO WITHDRAW THIS SYSTEM AT ANY TIME ......AND THERE CAN BE A DIFFERENCE OF OPINION AND IT WILL EFFECT INDIA US RELATIONSHIP
Wrong conclusion. More and more countries will adopt Indian rupee system and this will prove a starting point of decline of USD. ज्यादा नॉलेज भ्रमित कर देती है, दूर का दिखना कम हो जाता है।
what is GST Rate on this transaction, Accordingly GST if we do export and get money is foreign currency GST Rate is Zero, ???? so what is GST application on export using local currrency
is there a study material from where I can find out .. approx how kuch trade can be converted into INR instead of $.. by which we can easily predict by next year or two how much INR will be stable .. off course it depends upon our imports vs exports but from anywhere will come to know average imports and exports group by countries.
the first thought I had after watching the video is that, "This video is small... Did video really end??" Akshat has successfully increased the focus time😂😂
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►TaxBuddy: filemyreturns.taxbuddy.com/akshat
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Please make a video on REIT hidden taxes
India can't. if they had given me choice to keep in Indian rupees vs usd I would have kept in USD.
Can you please make a video on PLC UlTIMA coin.
I really want to appreciate the content you are providing. Thumbs up for this case study.
Prasad bhai k comments p bhi scammers aa gaye....😂😂😂
Akshat for making this successful India needs to be an export master. China could adopt this policy as world depends upon them. We don't even have basic manufacturing setup leave anything else
India lacks the fire or you can say the greed to think big. Indians are happy saving (read stealing) some lacs in taxes. ye mentality change hogi tbhi kuch ho paega... yt influencers can play a big role in this. I feel really bad when ytbers like rachana ranade make videos like save xx thousands in taxes. wtf dude. why not only make videos like make xx thousands/lacs by doing this or that. saving ka bhoot jaega tb tarakki ka bhoot ayega.
@@chawlagrv I totally agree with you working class like eg I'm a hotelier we are paid 16- 17k month with no overtime and then also after we get 5lpa we need to pay taxes and what business class do save taxes and enjoying their life fullest.. how country will grow this If India wants stable currency we need to stop this shitty influencers & announce this as illigal activity even CA plays very imp role saving taxes.
The reason it wont really work is because we export less than half of what we import and sometimes not even 10% is exported. Unless we are a major exporting nation, we can't really ask any nation to use our system.
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What are the major imports oil and gas, weapons, minerals coal which only weapons we need to import from china, Europe uk us and russia.
First step we are import more oil from russia in terms of rupees then mineral from such as gold and other things,. Now after COVID pandemic african and other asian countries changed their view about china us and western countries. Russia and Ukraine war started food crisis and economy damages which hit the most of the poor nations and developing nations severely. They know who started this war and china investment loan trap damage so many countries like srilanka, this will makes the countries people go against their leaders and western countries .
Russia president says the real war is not started yet, so when the real war starts Europe economy will collapse, food is the important thing to live, so india is 3rd food producing agricultural country, indonasia already banned the palm oil but now they want India's wheat our country demand it for the palm oil in exchange. If you were hungry you will ready to give yourself, so wait for the coming days you can't eat dollars and weapons or machines, only food is the need, western countries will eat tablets because of their richness. This the million dollar question you will find the answer..
We Indians not fully leads luxorious life, only 10%. If situation arise we will survives much better than other countries . Because we are self sufficient in the agricultural production. Our country feeding ,almost every country men. In the COVID pandemic period our govt gives free rice wheat and vaccination to every country men. Oil and gas is the problem which we will facing difficulties now but not for a long , sure we will produce and tranfer to alternative energy within 5to 10 years whichever the govt leads.
@@ManiS-wd2eu TLDR; none of it matters because our food management is total trash and the aggricultural yield will srop both from degrading soil, climate change as well as lack of fertilizers. You assume that our current situation is perpetual. Its not.
This may be true but now we will have more money as we wont pay commissions to USA as trade is not taking place in USD. This is a move to take out USD as standardized international currency. USA basically takes a piece in every trade as commissions on forex irrespective they are participating in the trade or not
And one most important point is, if you trade in dollar and for that keep a good amount of dollar holdings, your money may be frozen if the western allies target you (see, Iran Russia).
So, to reduce dollar dependency is a sort of gaining international economic Independence.
Come on guys, for too long we have trusted the predators.
Feedback ⬆️⬆️ Appreciated.
Wanting more info and insight?
WatsApp the number above,
Endeavour to reach out..,,
India should buy huge amount of oil from Russia in Rupees for both India and Sri Lanka. Since Russia is in deep waters they will agree to it. And then sell it to Sri Lanka in INR, Sri lanka will agree to it since they r in deep waters as well and 1INR=4.5SR which is obviously better. We r benefiting while savings two friends. Win win for all. Well things r not always this easy
Hi Akshat, Pls make a video on hedging our protfolio using options!! It would be highly appreciated by most of your subscribers. Thanks in advance
Just buy put options of blue chip stocks
Or else buy the put option in the index options
India is building a settlement system which will enhance trade between Russia without intervention of West(American Dollar) and also attract other countries like Iran and Venezuela.
⬆️⬆️Thanks For Watching. Reach out to my Personalized Financial Coaching For Consultation and Investment Plans.
Akshat.. please please please make 1 detailed video on how to learn investing. You can cover following points:-
1. What subjects/topics to learn.
2. Resources to follow.
3. Info/ resources to ignore
4. Time horizon to dedicate for learning about investing till we find and develop our individual investing style.
Make the video considering someone who has no background knowledge in accounting, business, economics and other subjects.
Thanks! 💯🔥🙏
Shlipa understand this equation - MONEY WANT PER YEAR*(DIVIDND YIELD/100) = HOW MUCH YOU NEED TO INVEST.
EX. YOU'LL HAVE TO PUT 1CR TO GET 10 LAKHS RS ANNUALLY AS DIVIDEND. IF DY IS 10%.
@Akshat S. ⨁①⑥③①⑥③④③⑧⑨③ Hi Akshat, there are two different numbers.. Which should I use to get financial guidance?
1 video per day, honestly feels like information overload
One point you did not touch upon is our trade deficit. A strong dollar will hurt us until we are able to bring our trade deficit down..
Starting early is the best way of getting ahead to build wealth, investing remains a priority. The stock market has plenty of opportunities to earn a decent payouts, with the right skills and proper understanding of how the market works.
Godi and RBI are not worrying, only media and public are worrying on rupee fall and economy fall. Godi is trying his best to breach 100 mark. Hope he will succeed like happened in gas price , edible oil price and petrol price. He wants to add another feather in his cap.
Problem will start when our reserves goes below 400
I think supply of rupee is primarily managed by RBI through various mechanisms such as repo rate, OMOs etc.
I still don't understand why the rupee will increase against dollar with rupee settlement. Rupee depreciation happens for multiple reasons interest rates , political situation , investors taking money back from india etc .. IF rupee settlement is magic idea .. then every country will create there own currency settlement . So need to give broader picture .
You are right, it is one of the factor which can arrest the depreciation . Future only will tell the answer
Haha u are explaining theory and missing logic, once our $ reserves not reduced rupee will not depreciate, also between $ exchange to other countries they are getting service charge, so once stopped this $ system, US economy fall down will start, once US economy goes down then your rupee will increase again
@@ggireesh007 But the problem is decrease in USD does not mean the value of INR increases. A ltr. Of refined oil will still cost 200 INR it's just that instead of 2.5 USD it might cost maybe 2.75 USD Or 3.2 USD. It's like to get a better rank either you score more or decrese the other guy's marks but even if the other guy gets bad marks, your rank increases but you still have the same marks.
Feel free to correct me, I haven't wrapped this concept around my head properly yet.
India do not need to keep buying usd, we pay in INR and the inr stays in India, this money they can invest in India back without conversion, so in that case no exchange of currency happens, inr won't get weeker.
USD has been dominating everyone? But will they not react if their interests are conflicted?
It is extremely funny to think of & laugh off parity between US Dollar and Indian Rupee. There is a historical reason. US Dollar = Rs.7/= + in 1980s.
True. At that point of time I was a young man & banker. In a proud moment of being an Indian I too dreamt like this man. The bitter truth today is US Dollar = Rs.80/=. It is not yet over. Rupee has been in free fall every day.
We indians don't work on economy only. We are very much serious about how to divide Indians along religious & casteist lines. We waste our time & energy on that. It is an utopian dream to think of parity of US Dollar & Indian Rupee.
Most realistic assessment of this policy move 👍
Indian russian trade strategy is heavily dependent on USA sanctions. As long as russia is susceptible to these economic sanctions this strategy will not work.
Quality of information has always increased on this channel..
Very interesting video akshath... keep adding topics like this.
Perfect videos but i thik some of them don't like the videos because addiction of reel they find some magic or entertaining in the video✌
How about Forex reserves , it will not go up if we accept INR for export.
This will impact our forex reserves,but as of now due to current scenario it's a logical step taken by government
The new word for today is "Panga", 8:05
Missing those 20 minute videos for a while now
Jab audience retention ghatega tab akshat ko 12 se 15 min to krna hi padega bcoz nobody watches 20 min videos everybody wants to watch videos of 5 to 7 different creators and if every creator makes 10min video and akshat makes 20 min then obviously nobody will spend that much time on a daily basis
This is not like tik tok video. That is financial education. He need proper time for better explanation
@@Banwaribiotech why you are going on extremes i am not saying 30seconds i am saying 12 to 15 min
You watch this videos 2.5 times . It will be 20 min
What is this fantasy 🤣🤣
Very good explanation. 👍
Great content Akshat... Loved it
In short run it will reduce our dependance on dollar for oil imports from Russia. But what will Russia do with all those rupees? Unless India becomes a net exporter.
In long term this rupees settlement can beat dollar with help of neighbour countries 😇 in short term it will slowly go up ❤️✅
Hi Akshat,
Let us say our trade partners settle the deal in Indian rupees.
Can you please explain, what would happen if a country like Russia accumulates 1000's crores. What are the adverse effects?
Why didnt india use INR for settlement all these days?
Hi Sir, Can you make a video on Algo trading - Pros and Cons
Thank you for making this informative video.
Akshat, Why don't you talk about your Equity and Debt market Outlook for the rest of July 2022 and if August 2022 ? It would help.
0:12 its not one rupee.. its one dollar...😂
Clear explanation.
Please make video on IDFC first bank, is it going to become next HDFC bank?
Forex reserves are foreign currency assets held by the central banks of countries..👍
Ok .. Sastha jujoobiwala
Can you please make a video on PLC ULTIMA COIN.
Valuable info Akshat. Thanks. For any trade if India demands other nation (apart from Russia and China) to pay in inr, do we lose the trade or would they abide to our currency usage policy?
Feedback appreciated❤️👆👆
Let's get in touch on what'sapp
For more interesting insights
And to build a good portfolio✨
Being a member of policy and governance board in investment board of LNG compant. rupee settlement system will only help in ease of transaction but not increasing the value against $$... this has no value...
Always look forward to your videos to learn something new. Thank you sir.
Hey Akshat, can you also comment on the other arguments in the circle right now about how it may be a great short term solution but may not help in long term ? Thanks so much for sharing such insightful thoughts.
Thanks for sharing valuable information
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32 to 80 in 27 years , ( 1995 to 2022)...that's a depreciation of 3.45% compounded per year!!
((80/32)^(1/27)-1)*100=3.45
Reach me with the what'sap⬆️⬆️line above for more information, guidance and consultation. Thanks for the feedback
There is no strict control on how much a country can print it's currency. With all currencies dep against dollar, risk is more for dollar. We need to be trade surplus to demand inr settlement.
Amazing video Akshat bhaiya.
Love from Gwalior!
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Thanks for this much needed video
This trading in rupee should have been made with the neighbouring country then this situation of falling rupee would have not occured but even if the falling of rupee would have occured the. It would have been less challanges to adopt it with other countries like Russia .
For a second I thought when did Russia's currency become "google" :)
PLEASE MAKE A VIDEO ABOUT REIT ADVANTAGE AND DISADVANTAGE.
BECAUSE ANY UA-camR WON'T TELL THE FULL STORY
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at 4:50 did you mean importers pay in INR or rubels?
Hey Akshat, I've been noticing that you've been facing lots if criticism lately regarding your views and the Vauld issue.... wanted to ask how have u been dealing with it?
Let's see how much this helps
Isnt trade deficit the root cause of rupee depreciation. If so then how is rupee settlement a long term solution?
Yep you're right, we need to produce more unique stuff. These measures looks like damage control from RBI
Indian 1 rupee - 1 dollar possible? Very much, in election manifesto 😀
Why can't they reduce debt on an yearly basis ?...you have debt but you keep taking more. Why ?...first repay your old loans then take new loans.
Kindly make video on Chinese property market slum,it's implications on Chinese and global economy, weather it is like subprime crisis of 2008
What about our Vauld Account?
Please suggest SIP in IND MONEY
Rupee is not international now, no ready to deal in as it is losing value
If $1 becomes ₹1, what would happen to your investments in US stocks?
Sir fundamental analysis of Navin Fluorine please
This is the first video that I saw of yours. As a person who has studied economics and deals with economists on a weekly basis, there are a few things that need to be highlighted.
1. It trades less than 5% of its exports with Russia ($8 b in imports and $3 b in imports). So, this is hardly game-changing.
2. India's largest trade partner is China, EU, and the US -- who are rich and unlikely ever to accept INR.
3. India is not economically strong for other developing countries to trust INR at least in the near future (at least 15-20 years).
4. For us to become stronger, we need to grow at 12-15% annually after inflation for next 10-15 years. We are growing less than 3% in the past 5 years after adjusting for inflation.
5. In fact, we had the slowest growth since independence on average in the last 5 years.
Another myth is that INR breaching 80 is bad. It is not. Growth of a country is not dependent on the exchange rate. 1 US dollar = 1,310 South Korean Won. But South Korea is one of the most developed countries. It is because it is an export-oriented economy - it exports more and earns in dollars which when converted yields more money.
INR breaching 80 or even 100 is not bad. But India needs to become export-oriented economy but our current policies are quite bad (high tariff rates, more crony capitalism, incentizing wrong sectors).
Summary: INR will not stop falling. It will breach 85 within the next 1 year since the world is facing a debt crisis and foreign investors are pulling money out of developing countries like India as they are scared and trust only the dollar for now.
When we talk about reducing dependency on USD and boosting indian rupee payment system, how will this certainly lead to a boost in our foreign reserves?? Wouldn't us moving away from USD reduce our foreign reserves??
First off, this whole scheme is half-baked. Wishful thinking. It will never work. But to answer your question, the point is to not rely on USD as part of your foreign reserve. To better understand this problem, imagine you the individual are a country, and India is the entire world. In this world, the only way you can buy something is in INR. So where do you get this INR from? You sell something for which you receive INR in exchange. In most cases, what we sell is our labor. Therefore, this INR that you received in exchange is your foreign reserve. The more INR foreign reserve you have, the better life you have, in terms of creature comforts. But one day, you realize that other people are giving you less and less INR in exchange of your labor. Your labor is losing value in comparison to INR. But your expenses in INR are either the same or growing. You are quick to realize, if this trend keeps up, you'll soon run out of INR foreign reserve. India as a country is in the same boat as the hypothetical you. For you, as an individual, the challenge is, where do I get more INR from, and for India, the country, the challenge is, where do we get more USD from? The solution to this problem for India is nearly as difficult as you trying to find an alternative way to buy things without the use of INR in India.
@@stevesmith4901 Thanks for a good breakdown!! Appreciate it!!
Yes, I understand that we want to increase our foreign reserves by decreasing our dependency on USD, but that would also open our country's financial stability on other global currencies right, which might not be the best thing looking at EURO's crash as an example.
Yes, I agree it is difficult for any country to agree buying goods in any currency other than USD, but that is what they are trying to change.
@@divyankjain9704 India basically wants to redefine Foreign Reserve. Presently, foreign reserve is another name for USD. But by trading with every country in their respective national currency, India will have to maintain a foreign reserve in every single currency India wants to trade with. This would be the most inefficient way of trading. Nobody can keep track of a hundred currencies they own around the world. Cannot be done.
@@stevesmith4901 yes, that's exactly what my concern is!!!
Maintaining foreign reserves in multiple currencies will be one of the biggest hindrance in our financial growth I believe, RBI will definitely find a solution to this issue also I guess.
Does the USA wants monopoly and gains only if dollar is used all over the world in foreign exchange? Is it not possible, like in ancient times, just barter trade between two trading countries? It would be good if you could do a detailed video on this subject.
Today’s video, as always crystal clear
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Hello Akshat, can you please make a video on euro-dollar parity…
We can compare Iyer economy only with Ceylon and Pakistan, but claim Viswaguru. 😭😭😭😭
India should do this with china, Japan and Korea as well
Thank you for the video, it was very informative in international business trade
This is seems to be perfect solution for now
Dear Mr. When you explain the supply of INR is goverment controlled mechanism RBI is not bothered and demand as well is not on RBI control as its goverment integrated output productivity of the state. What basis supply of iNR is calculated against GDP.? Only rubee settlement system will not solve the india falling value without real output against the real demand. It's not falling of currency value . Its falling of output per demand.
Currency of any authoritarian country cannot gain acceptance worldwide... Now you do the analysis in which direction India is going 😐
Which is the SWIFT alternate messaging network here in this proposition?
Can you add more information on how forged money will affect such system.
Nice educative video!
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This type of videos excites me
Reach me with the what'sap⬆️line above for more information, guidance and consultation. Thanks for the feedback
Hi Akshat, Can you throw some light on the exchange rate mechanism going to be applied to the new INR trading system as to how the exchange rate of INR would be decided and on what basis. Exchange rates would be crucial in any trading system. Thanks
Yes same doubt...if you find the answer ,let me know 🙏
Hi, good n easy to understand way. Thanks. But one key point is missing. What exchange rate will be used in calculation of value?
Exchange rate of the currency with respect to the USD. Basically the USD will still be used as the benchmark, but the two parties will settle the dues in their respective currency. As he said for the system to be successful both the sides have to agree, for example if China from whom India imports the maximum amount of goods agrees to eccept payment in INR that would save us a lot of USD, but this will never happen because what will the Chinese do with all those INR? So until atleast 20 to 40 major trading nations agree to use the method, it will remain a good concept BUT not widely used. Instead India has to become a major exporter and tell other countries to pay in INR for their purchases. ( like Russia did recently in the case of their gas exports to Europe).
Hello,
Totally love your content.
Can you please make a video explaining the different investment vehicles for managing the emergency funds? Leaving them in a savings account is like literally seeing the money burn!
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Hey akshat, please make a video on cyclical stocks
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US Is hurt by boycottng Visa and Mastercard and use of Rupay is not like by US Fed
Thanks sir ji 🙏
Could you please give the major advantages and disadvantages of this system..
Wʜᴀᴛsᴀpp ᴍᴇ.
Wow we live in a perfect world, accha din aa gaya
Sir please tell your source from where do you read all this
I'm 16 years it will be great if you tell
BUT THERE'S A DISADVANTAGE OF THIS US WILL NOT LIKE THIS AND THEY WILL TEND TO PRESSURISE INDIA TO WITHDRAW THIS SYSTEM AT ANY TIME ......AND THERE CAN BE A DIFFERENCE OF OPINION AND IT WILL EFFECT INDIA US RELATIONSHIP
When things go south everyone will eat each other
NICE TOPIC GEMTLEMEN 👍👍
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Hey Akshat
Any news from Vauld
Good video 👌
Inflation in india is at 7.5 while usa is at 9.5. shouldn't the us investors buy the indian rupee to save the pirchasing power
Great explanation as always Sir.
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Wrong conclusion. More and more countries will adopt Indian rupee system and this will prove a starting point of decline of USD. ज्यादा नॉलेज भ्रमित कर देती है, दूर का दिखना कम हो जाता है।
Until gold and oil are quoted in rupee the banks mean nothing
what is GST Rate on this transaction, Accordingly GST if we do export and get money is foreign currency GST Rate is Zero, ???? so what is GST application on export using local currrency
Spam ??
is there a study material from where I can find out .. approx how kuch trade can be converted into INR instead of $.. by which we can easily predict by next year or two how much INR will be stable .. off course it depends upon our imports vs exports but from anywhere will come to know average imports and exports group by countries.
How will RBI peg ruble rupee rate
the first thought I had after watching the video is that, "This video is small... Did video really end??" Akshat has successfully increased the focus time😂😂
Desi charraa will be desi charraa and scotch whiskey will remain scotch whiskey
@04:18 I would have been paid in Google's LOL
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