India's State-Owned Oil Firms Not Using Rupee | Vantage with Palki Sharma
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- Опубликовано: 6 июн 2024
- India's State-Owned Oil Firms Not Using Rupee | Vantage with Palki Sharma
India's petroleum ministry has informed parliament that the country's state-owned firms did not use the rupee to buy crude oil in the last financial year. The report raises questions around the Indian currency's global appeal amid a push to internationalise it. Palki Sharma lists the challenges to the rupee's global ambitions.
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India | Oil Firms | Rupee | Firstpost | World News | Vantage | Palki Sharma
#india #crudeoil #rupee #firstpost #vantageonfirstpost #palkisharma #worldnews
Vantage is a ground-breaking news, opinions, and current affairs show from Firstpost. Catering to a global audience, Vantage covers the biggest news stories from a 360-degree perspective, giving viewers a chance to assess the impact of world events through a uniquely Indian lens.
The show is anchored by Palki Sharma, Managing Editor, Firstpost.
By breaking stereotypes, Vantage aims to challenge conventional wisdom and present an alternative view on global affairs, defying the norm and opening the door to new perspectives. The show goes beyond the headlines to uncover the hidden stories - making Vantage a destination for thought-provoking ideas.
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Why this journalist change their headline, few month ago she said India rupee very powerful
She is merely reading a script
Palki "Pinocchio" Sharma famous as India Queen of Fake News...??? 😋😜😁
She have no experience being journalist, a professional journalist always giving supporting answer example prove your answer and according to bla bla bla, for her just read the script. Low budget fake India media
Don't get it wrong Palki is a reader not a writer.
@@FidelCastro404then that tells you how unintelligible she is on her own.
WOW! India superpower in 2023.
More like 2070
60 companies in the whole world? It is not significant at all. Even a small country such as Singapore has more than 2000 plus companies. The main problem is India does not produce anything people wanted.
That is ridiculous. Come out of your insular little hole.
Cuz Singapore is a Tax Haven. Companies don't pay taxes to establish there. They are Singaporean in papers but their offices are in other nations
@@Dr.Kraig_Ren why not india trade with those companies, who trade in rupee.
a huge challange. Love for India from Ghana.
I'm also from Ghana 🇬🇭
Bawku specifically
@@muslimummahcenter-m.u.c9642Masa what u dey do for here? I dey come bawku. Get some TZ and guinea fowl soup ready for me be4 i arrive. 😂😂😂
My Ghana people dey everywhere for this RUclips top😅
❤️
@@yangleezhao531😂😂
Palki, I found this report very interesting and informative and your analysis was really awesome. At every point in the video, there were a series of "whys" and "why nots" striking my mind and you consequently and invariably followed with logical and convincing explanations to them.👍 It was a "good flow", if saying so is technically correct in journalism terminology.
Respect India you were one of the richest countries in the world before , and now you are back to that standard push yourself , and what ever you are doing you are doing it for you to build your dynasty again God bless and puch currency foword.
India must be hallucinating to believe that other countries want to keep the rupes. What can you buy with the rupes anyway? ah.. maybe bollywood movies. LOL
*Cow-pies 😂
Russian oil😂
Countries can't keep Forex in dollar looking US recent actions 😂, no country want to be puppet of US ,
U must wake up India is parallel of China , US - China clash will benefit India as exporter ,That how is the game , you won't understand 🤡
We are capable selling sanctioned oil back to west😂
@@pranavgandhar4604 is your Indian internet super slow?? Didn’t you hear that Russia rejected rupees for oil?? 😂
wrong... Russia demands payment in yuan now. LOL@@pranavgandhar4604
Monopoly money has more value than the rupee.
India's State-Owned Oil Firms Not Using Rupee,when your own country is not even supporting the rupee,means there is no hope for the worthless rupee
The problem is not that India’s State-owned oil firms do not want to pay Russian oil in Indian rupee but rather that the Russian firms do not accept payment in Indian rupee.
@@cedardrive4599 india state owned oil is not only buying from Russia, they buy from, Iraq, Saudi Arabia, Venezuela, united Arab emirates, Nigeria, Qatars, etc which some of the oil suppliers all don't want rupees?
@@cedardrive4599 and why Russia does not accept rupee?
Russia is still flush with worthless Indian Rupees that can't really buy anything. Russia is OK to be paid in Chinese Yuan, because they can always convert Yuan into trainloads of consumer goods (empty Chinese containers are piling up in Russia). Indian Rupees can buy foodstuffs, but the problem is that Russia already has a massive agrarian export sector, so they don't really need to buy food - they'd just export less.
@@KijjiSale It only makes sense for countries to accept rupees that don't exceed the value of Indian exports to that country otherwise the excess rupees become unusuable.
China’s share of global GDP is 19% to India's just 3%! China alone is responsible for 42% of the world's industrial output. The world's largest trading nation with 123 countries counting China as their largest trading partner. Please do not compare rupee with the Chinese Yuan, it's ridiculous
who want to compare to a communist autocracy anyways. After 2040 you'll see a third economic powerhouse which will be INDIA 🇮🇳
The country which has disputes with all 14 countries of its borders ..
The country which is at loggerheads with more than half the world constantly …
The country that is single handedly responsible for killing millions of innocent people worldwide…
@@martin96991after 2040 huh? Your father said the same thing 20 years ago, after 2020 😂
@@YanYuan397It's true, it is the IMF prediction buddy and various other outlets too
@@SuperScarabIMF can't even predict India's growth for 2023, having to readjust it several times lol
Except China and Japan. Asian countries find it hard to compete with US Dollar. That's why we should choose our leader wisely. Apart from Manmohan Singh, I don't think India have a good Finance Minister.
❤😂Manmohan Singh was a Good Economist but a failed P.M....A Failed Leader❤😂
The only export India has is people not product.
lol
Roti naan chief product
Even the iPhone made in India smell like curry not up to high standards made in China..the sale is getting down down until China Huawei take over now and then..lol
India is the biggest exporter for the human skeleton!! Especially the child skeletons. Is it sad?😮😮😢😢😢
Trolls
The RMB has passed Euro and Jpn Yen as settlement currency in 2023. The Rupee does not even register.
Ye China is big exporter for centuries. India needs to step up manufacturing. It willl take time.
China is finished with a fertilty rate of 0.6 and 3tr usd in construction debt and 1tr usd in railway debt. Why can't you guys make babies anymore? Libido problems?
@@silvershroud6263 India will make gobar
@@silvershroud6263
How much time? Days, months, years, decades or centuries?
😂❤😂अनामत प्रथा Reservation System... इस देश के लिए बहुत बड़ा अभिशाप है... ❤😂❤जिससे चपराशी के लायक मूर्ख इस देश में कलेक्टर और सचिव बनके बैठे हैं.... 👉👉जब तक ऐसे मूर्ख लोग देश के नीति विषयक निर्णय लेते रहेंगे तब तक इस देश का कुछ भी अच्छा नहीं होने वाला.... ❤😂❤कर्ज भी बढ़ता रहेगा और गरीबी भी... चाहें हजारों मोदी जी आए या जाएं ❤😂❤😂
If Indians themselves don't even value their own Indian passport citizenship, how do you expect others to use Indian rupee?
Well India don't produce stuff
Well technically the OCI card is equivalent to having dual citizenship minus voting rights
That's why Indians give up citizenship easily
Yes
@@vivaanreddy8771
Is this the reason,
The European Country where I live,
appears to be "welcoming"
a NEVER ending stream,
in ever increasing numbers,
of single young men
on a weekly basis ?
This is WRONG!
These young men are paid in euros !
BUT
do NOT spend their respective earnings here !
Most of their earnings are wired
to their respective relatives in India.
Multiply this HOW many MILLIONS of TIMES ???
across all EU Member States...???
Currently, The USA is literally being 'flooded' with
Indians trying to illegally enter The USA !
Is THIS a PRO-active policy of
PM Modi, his BJP Executive ?
With riots in Manipur, separatists in Kashmir, Naxalite insurgency, Khalistani resentment, wrestler's protest, massive unemployment, rising farmers suicides, falling groundwater levels, communal tensions,religion politics,north-south india sentiments,uttar pradesh crime rate,poverty,bihar overpopulated,income gap,woman safety,global warming,infrastructure problems,train safety.
#111 in Hunger index
#161 in Freedom Press index
#126 in Happy index
#139 in GDP per capita
#132 in HDI index
#148 in Women, Peace And Security Index
10% earn
Is it a shame for the presenter? She is the one who was leading the campaign to change the currency from US dollar to Indian Rupee for international trade.
Propaganda machine of Modi jee.
India rupee can't even compete with Singapore Dollar in international trade 😂
Sri Lanka rupees are wanted everywhere
When India sets it's mind on something, it achieves that - it's only a matter of time.
Russia can only use their pile of Rupees to pay for imports from India. Some problems with the Rupee are, India,s unreliable political stance regarding East vs West vs BRICS. India,s reputation for not paying debts as agreed without arguments or sometimes not at all. These things lead to a lack or trust and reliability on the international stage.
You make it look so simple .. think practically . Everyone needs dollar not rupee
Dollar is The World Currency 💯
😁God Bless The United States of America!!!
How long😂, ultimately people will find new ways to deal
USA is G.O.A.T! I love USA and I love USD 💸💸
But, but, but, but India is already the world most advanced superpower since 2020.
The open, holy sewer Ganga must be covered.
India's share of world trade is very small - less than 2%. Compared to China's 12%. This means India does not produce internationally competitive products on a large scale. That remains the key issue.
Very true
Indeed, while i'm in favour of having the Rupee as a dominant global currency, this is a long term project that needs times and persistency. China doesn't end up nowadays over night, it takes them decades to be where they are right now.
@@garrydimasa1964 someone who sees things right
The Dollar is laughing at their scrambling about on these transactions.
So? Dollar gas been laughing at all countries as it places sanctions on them, too. What's new?
Proclaim that India's superpower and विस्वगूरु
Can't even buy a working toilet with rupees
Palki and her fans coming to reality, i told the same thing when Palki made telecast on rupee going global, all Palki fans have bitten me 😂 😂 😂 immediately, having said that Palki gives different perspective always which is Good compared to Western media which is just totally biased.
Hey u nonsense she is not any celebrity she is a journalist what fan?
I would choose Western media over Palki and all India news and media. Western media might be biased but at least they state facts, make reasonable arguments and intelligent points. Palki and Indian media on the other hand is this ultra nationalistic anti West, anti China and anti Pakistan media and their news is based on dreams, delusions unrealistic predictions to make "nationals" happy.
Note: Many viewers of this channel don't watch because they're intelligent or because the reporter makes intelligent reporting, they watch because they hate the West and China and India media is ever ready to tap into that hatred and provide them with such news (Western countries and China's downfall).
@@Nagvanshi_Rajput ok whoever are those you can name them if you don't want to call them fans, cool your ego
😂😂 not really 😢 she's already addicted to peddling lies to her indian audience, so saying the truth is like mixing oil with water 😢
@@BoazKiriama-do3xy exactly
You her, the world operates on "India succeeds, other countries go down".
The day she and her online students wake up from their delusion, maybe and maybe then, India will become something useful to the world.
A country where everyone is trying fly out 😅.
The economy still shit 😅 how do u want people to trade in ur currency.
India should be more humble and not making themselves a laughing stock of the world by glorifying things that they don’t have.
Thank you for bringing it up
Let's analyse the structure of india's GDP per capita... and then you will understand the why.
You're absolutely right. Being an Indian I know that it'll take several years for us to reach the growth China has now. Granted we get the same government we can at least try. To all fellow Indians let's be practical , China is the world's factory and instead of fighting in keyboards let's work towards the goal of getting smarter in improving our gdp. One must visit China and other developed nations before comparing us. We must have confidence but it should never become arrogance. So please don't compare China and India now. Let's just work towards our goal.
Are you the only one sensible Indian ..? I guess so.
I have seen Indians always want to challenge and confrontational with really thinking about the state of India. Basically trying to punch above its weight.
As an emerging economy India has already look China as enemy, because of border standoff , yes it’s important but that’s not everything for a country. That’s piece of land in dispute will not bring money to the economy or people, but being friendly with China will give Indians an opportunity to earn money so billions will be added to the Indian economy.
And Pakistan, it’s a country India can tap to export enormous amount, but India is self antagonizing itself by insisting on silly matters
@Sat356
Our key-board heroes do everything on key-board (even marriage & if possible "nuptials" even; hear the dialogue in Telugu movie - Nenu Sailaja). And the country applauds them for it! This is our national stupidity, that we neglected manufacturing altogether, leaving it to the semi-literate & illiterate "businessmen". It is a sure recipe for the country's lagging behind PRC .
@@amelaridi2376
It isn't a bloody piece of land as you want us to believe (nor is it "border" problem that the Chinese want us to believe - courtesy guys like you). It is the whole country of "Tibet". Remember - from the earliest dawn of civilisation & history that country (PRC) never ever had a border with India. Please bear it in mind, before you express your opinion on such subject. It isn't a silly matter, but even such talk is silly!
Other problems shan't be linked with it.
@@MrPoornakumardon’t forget also before the British there was no country called India ! The term India was European invention, there were kingdoms and civilisation across with different armies and different languages !
@@chocolatesoldiertv7284 😂 never heard of "east Indian" company?
India.....❤
60 is a miniscule number in terms of number of foreign companies opening a rupee account in India. This is given the scale and magnitude of international trade and the millions of companies involved in it, across the globe.
It's still progress, from what existed before.
@@varoonshekhar4023
Oh, is it?
@@tejasvahalia Not everything can be compared to other countries. There is intrinsic progress withing India, it will grow in the long run.
@@varoonshekhar4023 I guess, you've drifted away from this story's topic of discussion.
@@tejasvahalia I'm just saying that sometimes, one has to appreciate the progress India has made, rather than comparing it with some other country. It is true that things move slowly in India, regrettably!
There will be interest in rupees when they can buy something with them.
Rupee is not able to hold value. The present RBI Governor and FM have policies only to benefit the ultra rich.
And the Ultra Rich like adani ambani have already got their Green Cards, PRs for their family members in other Western Countries.
So giving contract after contract after contract to adani ambani is of no use to the overall Financial health of the Country.
Presently we need a competent RBI Governor and FM that will look for the common people first and not the ultra rich.
@MarkSamraj
You've only mentioned two A's. There are several "A------ani" s.
it is very simple: the worth of Rupee depends on the amount of internationally requested goods, especially those, where India is leading worldwide.
What exports are India leading in the world?
India should adopt the Yuan lol
exactly
India afraid Pakistan giggles😁😆
Your show has provided a lot of entertainment in 2023. As a proud Indian🇮🇳, I really love ♥ and have a lot of respect for the incredible work of Palki's highly captivating story regarding *How British looted 45 trillion from India* which unquestionably stands as a masterpiece of the highest quality. The content of the reporting is truly inspiring, and I thoroughly enjoyed watching it. The dedication, talent and hard work poured into the video are greatly appreciated by many. The Indian Union Public Service Commission has delivered a remarkable report titled संघ लोक सेवा आयोग *How Britishers killed 1.8 billion Indians. Chronology of British Raj's exploitative policies* | UPSC," is equally astounding. The Indian government consistently produces insightful and thought-provoking articles of the utmost caliber, and I sincerely hope they continue to produce such interesting exceptional work. Can it even get better than that? It should deserve an award for best report of the century!
For those who havent read the Indian government's Commission's report on how 1.8 billion Indians were unalived by the British Here is a short summary.
First, it was done over a very long period of 200+ years. Not all in one go. And it was the British policies and laws implemented that killed 1.8 billion Indians, not that they were executed.
The two main policies that wiped out 1.8 billion Indians are:
1: Allocation of food: Since the British were at war all the time, they didn't have people to do the farming. They made India do agriculture and then take it away. causing a massive famine every week.
2: Plundering of India's natural resources The British forced Indians to mine all the natural minerals in their country and carry them to the ports to be shipped back to England every day. extremely dangerous jobs, and these poor Indians weren't fed, and hundreds of millions succumbed to the exhaustion.
The whole of India was ruled by only a handful of Britishers. Why India chose to never fight back baffles many to this day. Maybe India is just obedient by nature.
India holds the largest surrender record in world history with a billion of them surrendering to 300 British sailors for 211 years.
As an expert on Indians behavior and nesting habits, Indians have a pattern of not ever resisting the invaders; rather, the invaders departed themselves after a while, like the British and many others, when there were no more resources to exploit, leaving behind a population of a billion Indians struggling with poverty and lacking in education, a situation no one wished to address.
When China wanted to bring in more companies to increase their export, they did the same and dropped its value, made it easier and then after few years it was on rise again. That’s exactly what should India do and I think there is no shame in dropping the value to attract foreign investment and to boost exports.
wow !!.. Wondering what you are doing as Cyber Warrior.... you should have been in Finance ministry,. Quick solution you have when experts are struggling or is it the case of "solution to the problem is directly proportional to the distance from it ?"
India already devalued the rupee once
For your info, the World especially Western countries have learnt the hard way that globalisation or investing in other countries especially concerning your most critical technology and research could be very disastrous as that country rises in a few decades to threaten your power. They learnt the hard way from investing heavily in China and India which is no where is already shouting about "being a superpower", "a global player" and shouting about it's ambitions. Do not expect the same miracle that happen in China to happen in India.
@@maneshwar9377 that is correct but if India wants to be the export giant like China, they have to keep it artificially low until they reach that mark. For example, India imports $42 billion from Russia while exports approximately $4 billion only. So a big gap to fill and to promote export import in Rupees, will require India to start exporting more. Just my thoughts! Although, I completely agree with the comment above from @autotechandspecs
@@autotechandspecs I 100% agree and personally I also believe that how India is moving towards more western culture, it is going to impact negatively. The western countries have realized that they have made the mistake and are now adapting to what our ancestors used to teach. The western countries continue to send their waste to many third world countries and pay them, so that the 'first world people' do not have to worry about the waste. The sooner third world country realize this and say no to them, the better the living will be for many people across the world. But the greed of few over shadows the good of all.
Reducing the trade deficit by more and more export into international markets is the solution for this.
Indian companies have two major problems 1. They are afraid to take risks and think out of the box, and 2. They don't know how to build brands.
Indian companies are big, but none of them are known outside India for any particular brand. We like to play it safe in our own cocoon within our borders. This has to change.
😂😂😂😂😂😂
I liked "INDIAN COMPANIES PLAY IT SAFE" .
In India they have nexus with Babus & Netas. And they can get things done or get away with any foolish illegal actions,
Outside India, the countries of the companies flourish , those countries are eager to promote their products and businesses.
In India we have our brothers in Agriculture field kill themselves and we just go on .
Do you think in INDIA anybody cares more than " My chair and My perks "
Indian companies can only work and loot indians. The quality of products is not acceptable in the world market which is the primary reason why aren't products exported to respectable volumes.
Simple example - India bans import of laptops. Jio launches laptop made from chinese products..
That's India defined in three lines.
Indian companies breeding on India's super speed population growth and not quality.
Hey German here.
Listen to me it's not the problem with the Indian companies it's the sole problem with the Indian government. India Government is not investing enough in R&D to boost the country or support Innovation
Palki believes that Cow dung Gobar and Gomutra are valuable items for export. 60 companies have opened rupee account in India is false news. They opened it because they are MNC operating in India. Also rupee accounts are set up in India by round tripping companies like Adani, Ambani and some Gujju companies operating with license from PMO
@@loka120 what is gujju
Rbi is selling the reserve every day to keep rupee up
Our exports compared to China is nothing much to talk about. Iran exports Crude Oil to China and imports equal value of Electronic Items. We can consider increasing the exports to Russia. Hold exhibitions in Russia to showcase many of the products which Russia may not be aware. Russia imports Automobiles from Russia. We can focus on this.
How can India export anything to Russia when India itself needs to import everything from China 😂
为什么又要提中国？印度没有其他国家可以比较了吗？印度可以尝试着和美国等其他欧美国家比较，中国是一个发展中国家，和印度没有可比性😂
Fun fact: At $3 trillion dollars of GDP, the world's No.111 country on the World Hunger Index, the lowest GDP per capita country of G20, with a credit rating slightly above junk status at BBB-, the world's largest source of economic refugees, Indians are already so boastful and arrogant. Do you dare to imagine their arrogance if they're at China's current position of $19 trillion dollars, the world's largest exporter of goods, No.1 trading nation, biggest investors, highest forex reserves, the industrial powerhouse of the world?
Listen carefully Indians!
China has $3.5 trillion dollars worth of forex reserves. Plus China has $2 trillion dollars worth of loans to BRI countries. On top of that, China has $3 trillion dollars worth of assets globally like mineral rights, ports, start-ups, stocks, sovereign wealth funds etc. Add to that, China recorded $880 billion dollars worth of trade surplus last year alone. While India only got $500 plus billion forex reserves and India wants to counter China? This is not even a David vs. Goliath kinda thing, this is an ant taking on a T-rex 😂
@@Rav01508Why u printing this same shit for a month now, We Indians have more global information than u Chinese We have many think tanks in our native language stop ur nonsense already
No people in their right minds will use rupees.
😂😂
Indians cannot have a foreign currency denominated account. Foreigners cannot have account in India. We cannot take out money from India. With these restrictions who will use rupee for trading?
Hold on to Rupee, and it's value falls, no doubt Indians use the Rupee to buy Gold as they have more faith in Gold in holding value than the Rupee
@AnonymousAnonymous-dc3jm
Truly said. The Westerners (by Brettonwood convention) led us by the garden path and we are paying the price for it now. What harm, if we have Gold standard, rather than relying on "Debt based" Economy? It is like saying, I 'll pay all my bills, if all the moneys guys owe (including my salary) will get paid, if their debtors (government tax collectors) do their jobs. Let all pay their"IOU"s that I can trade in & all will trade in. Silly !!
Accurate 🎯. US dollar 😠
USD is the world's reserve currency and India is far away from being an energy independent state. If India have advanced tech, medical, space and military sectors to sell then companies and countries will splurge in Rupee.
Corruption is a big hurdle, simple. Name a highly used global currency that comes from a country with high corruption. The only reason why china coudnt dominate. Pray for India to be soon 🙏
America is very corrupt, and the dollar is losing ground.
lol, that’s a load of crap…. China has heavily crackdown on corruption, which you refuse to believe as it’s sold to you as China being authoritarian. You continue to listen to crap that Palki spurts out with her anti China narratives. She says how companies are leaving China to decouple and reduce risk which she believes is a good thing And yet relying on Russia for 40% your oil in which the country is currently at war is not risky…. 🤦♂️
India 🇮🇳 has limited export in the market. We need to build a export led economy . Produce goods that market needs
And in order to build an export-led economy, the Indian government must keep the Indian rupee under-valued. Right now, the Indian rupee is over-valued, which makes Indian products less competitive in the World market.
Lots of birthday wishes and no suggestions on how to accomplish it. Typically Indian 😂
@@YanYuan397You worry about your own economy, india GDP is already 5th largest in the world where does your country lie ??
@yangleezhao531 hunger index is wrong, india already pointed out the flaws in it, lol try harder buddy
@@SuperScarab India is 143rd in GDP per capita, right inbetween the African nations of Congo and Ghana 🤣
Is wise to explore Andaman peninsula to drill for off shore oil as a strategy in atmanirbharatha
How come you are not mentioning the UAE deal in rupee
Main issue is it's not fully convertible like Dollar. So it will be impractical to use Rupee in a huge amounts for foreign investors
Who would want billions of rupees?? What are they going to buy, a mountain of cow-pies??...😆
The main reason is that India could not produce anything meaningful for the world and it has no actionable military capacity to make the world use Rupee. It has NOTHING to do with convertibility.
@@EroticOnion23😂😂😂.
Barely 3 trillion economy wants a global currency 😂
What can India produce for the world... Who want to keep rupees but cannot buy.
Russia Rejects worthless Super Indian Rupee. Russia also requests Super India to pay their Oil debts on time and with suitable currency such as RMB. 🙏
@@yangleezhao531 rupees for cow-pies only 😂
@@yangleezhao531after CCP starts confiscating your assets, you can start trading in foreign currencies 😉 😁
Exactly, i have some rupee left from my last trip to Indian and now I can’t even wipe my ass with it. It is worthless now.
Chinese bots😂😂😂
@@yangleezhao531I can buy your mom for 5 rupees 😂😂. She is worth only 5 rupees 😂😂.
Nobody wants that worthless bit of paper. On a visit, recently. I was besieged by those wanting to exchange it for US dollars. It was hopeless. You never got change and I ended up giving what I had left to the sweepers in the airport!!
Rupees will not cross US dollar
Unsuccessful
Value of rupees is decreasing day by day
All are turning to US dollar again
But ₹ will take time to gain international status
Hope for the best 🇮🇳👍
Because they knows toilet tissue is having more value than Indian rupee
Fake news from the beginning 😅 Godi Anchor
Digital rupee should be tradable as stable coin. It will boost adoption
Appreciate govt for their efforts❤
If talking is efforts. Yeah sure Modi government gets all your appreciation. LOL
gay Modi don't understand the economy
China is export driven
USA is loan driven
India is begging driven
Palki is the best reporter
until she has to report on China .. biased to the core
"No takers for the Rupee" is true outside India. There are plenty of taker inside India. But foreigners give it a pass. Can't buy anything with it.
As an Indian india doesn’t make anything without world cant live without …
India exports are very low …
Why any country take rupee
Superb info-tq
No body wants to use the rupee simply because India doesn’t produce enough of what people want… in order to do this India needs to improve its infrastructure and manufacturing capability.
Modi’s policy of trying to make the Rupee a global currency is not working because he didn’t think it through, no plans on how it will work….
Palki even mentioned that the Saudi’s will use it, what happened to that then? 🤷♂️🤦♂️
Underated comment.You hit the nail
India. Rupee is of no use for foreigners .
The problem about currencies like India, Vietnam and Indonesia and plenty of others with too many zeros in their currencies to be truly worthy.
Well explained.
It'll be ok for India. Never forget Palki kept telling everyone during the first half of this year "India is the lone bright spot" in a world going through a crisis.
She is still saying that India is the oasis in the midst of desert. It's the Chinese economy which is sinking like Armada😂
She did huh?
What is so bright about India? Hahahaha.
Well said.
This won't work till 2050 or more, but elections can be won keeping the topic alive 😊
well, initiating/trying is not bad my friend. Someone someday had to take the initiative. credit is where credit is due
Does anyone thinks Indian private company uses rupee?
I dunno how they r expecting other countries to accept rupees. It’s not fully convertible. V don’t have export commodities that r in great demand. At best it can have a limited acceptance. It’s better to go for barter trade in specific cases such as oil for basmati rice or things like that and slowly position the rupee by building our economy. The proper way to go about it would be to build our economy in a tearing pace. Print notes and use it for large infra projects ( not for revenue expenditure or freebies. That would be a disaster and push us to Zimbabwe like status. Just large public works or important defense research projects and nothing else) . Allow foreign countries to invest in the projects at great valuations only if they’re accept rupee in some of their trade. That would be a great incentive to accept rupees by other countries. Otherwise this is always going to be the case.
You need to make a deal with the Chinese for sodium thorium plant, then make electricity 99.9% reliable for production especially for steel ,glass etc… export energy you produce that you can sell in rupee. Production first, rupee will fallow
China : India should payment first for coal power plant debt years ago 😋😜😁
Chutiya, India has Technology for Thorium power plant. Just we need to kick out vivo and xiomi😂
India absconds everywhere
@@sosipin2000which debt? Also china should ask their company Vivo in India not to do money laundering. They are raided by ED for doing money laundering 1 billion dollars.
India has developed it's own Thorium reactor. We don't need Chinese technology.
In USD, indians trust 🤣
Not Chinese yuen?
@@zeetvisascam3443 lapdogs are fed with USD 🤣
Hard truth: it is not convertible because there is no need for the rupee outside of India
Future vision: India doesn't need immigration from other countries 😂 unlike USA and Europe , when it's made fully convertible and strong
@@prabhakar0076leave whatever you're smoking bro.
Immigrants do not even consider India as a country to come into so sit your ass down and reason well.
U said it! Indian exports are not happening! It's only when exports happen then India will benefit!
No one cares for our Rupee!😢
The Rupee is not freely convertible and until it is, no one wants to be stuck with Rupees. My prediction is that if the Rupee is made freely convertible, initially its value will fall, but as the novelty wears off, the value of the Rupee will rise dramatically against other currencies to equal its purchasing power parity (PPP) value. Making the Rupee freely convertible will greatly simplify international commerce which will lead to a dramatic increase in international trade
Who would want billions of rupees?? What are they going to buy, a mountain of cow-pies??...😆
The main reason is that India could not produce anything meaningful for the world and it has no actionable military capacity to make the world use Rupee. It has NOTHING to do with convertibility.
I agree with this.
Yeah just like the 🪔 oil lamp holder,made from cow dungs and bottle cow piss on sale.@@lucyruby819
Do not forget India has not unleashed its export potential, curry. Its curry flavour, the smell, uhhh... so great that the world cannot live without. This export commodity can easily generate Trillions and Trillions and Trillions of GDP cementing India position as highest growth and GDP worldwide. By that time the exchange rate shall be INR 1 = USD 2. Way to go, India.
India won't do anything, it still has very little exports and so no one is interested in the Rupee..that's why India has to buy Yuan to pay for Russian oil...completely ridiculous for India and especially uneconomical...3 weeks ago 1€ = 88 Rupee..today 92
Merry Christmas to my friend Palkisha ❤.
Experience is imp in any trade to make it better
I see rupee I used it for toilet paper🐍
Hiya Bhikari..😅😅Got any Atta today??😅😅
Such a frequent demonetisation reduces confidence of other countries on indian currency.
I don't think international trades are done in cash?
International trade doesn't work this way.
It means India isn’t exporting products or services for which rupee can be used to pay back.
Who the fuck would want to use the rupee?!?!?
That tells a lot if you have no trust in your own curreny..#MerryChristmas ❤
NO baby, it's that we can't accommodate more people of foreign origin, when RUPEE becomes strong 😂. People around the world flock to India and confuse to learn which language 😂
It's not that India doesn't trust their own currency but rather that other countries are unwilling to accept rupees for payment.
BGpomakTR is 100% correct.
@@prabhakar0076Who dare to visit India just like the Japanese girl who were molested by a group of hungry young men ?.
@@XDF745so nobody trust it then😂
india need good economist not a chaploos like what they are in the office.
A lot of 🐍🐍🐍 in the office
So many hikes, GSTs blah blah yet rupee value falling everyday.
One major problem is that most trade is not done singularly. Companies buy and sell in multiple countries at one time. They need a currency that is tangible in all of those countries at one time. I’m sorry but India just isn’t ready!
Might it have to do a little with declaring a circulating currency note worthless ?
Indian policy is extremely illogical.
How can you ask people to hold rupees when:
"Exporting Indian rupees is strictly prohibited for non-Indian residents. Residents of India can travel abroad with up to Rs. 25,000".
Palki explains it so well, lagta hai dimag ki batti jal gai.
It will take time. But will succeed lot of work needs to done. ❤❤❤❤😊😊😊
Rupee is never going to make it.
Challenge yourself
you guys are hilarious. You guys give us our daily dose of entertainment in these comment sections. I'm extremely thankful.
"One way to internationalise the Indian rupee is for India to produce things that the world needs.."
Like what?
Curry powdah?
Which WhatsApp university you studying
Get a real school education
@@user-so9my7uh3mit's actually true, India has to produce essentials for world
How to get export,India either doesn't have enough or none?😃😄🤣
*Cow-pies 😂
I also have several bank accounts. The only problem is, they are practically zero balance.
All chinese companies are in trouble in india. Western companies had similar experience. How could india attract foreign investment?
America 😂 baby they force people in back door games
i agree with export base, but issue is indian corporations hesistance to export to russia for fear of sanctions, india can export automobiles , pharmaceuticals, textiles, even it services , issue is secondary sanctions, india has to diversify its trade options and cannot solely rely on west. Somehow we hv to encourage more of them to travel to russia and work their. Only way for multiplolar world order is for india to hv significant influence in russia and in west, so that we can infleunce their future actions to an limited extent atleast. above areas are india limited export options.
@vasanthnarain5639
Once the software exports & remittances received from Middle East (by our hard working labour doing menial jobs, others wouldn't even touch) we are left with nothing or precious little. It is the software earnings, that covers our eyes preventing us to see the reality ahead. The moment the nation realises that you can't "Manufacture" by software, except that it would aid in manufacture - it'd better for all.
@@MrPoornakumar i agree but we still manufac some things like we textiles, automobiles, issue is sanctions, i remember reading article saying many companies fear of that, what ever limited we manuf we entirely depend on west economic conditions
we are slowly learning , we are assembling first, then we might reach there, but we can cover for oil imports deficit with russia, sanctions, sanctions is an issue.
@@vasanthnarain5639
You said "we still manufac some things" (I didn't correct your English that is, but an example of what I am going to explain). But I say we manufacture a lot more many things as our "huge" population badly needs them all.
Next our industrialists have a huge "captive" market - Indians. They needn't strain to improve things, anymore. There simply is no incentive for them nor competition (& we too, inured of this state of affairs, honestly believe "India is producing the world's best". In fact we produce the world's worst. If no Suzuki entered we'd be driving Ambassador car even today (why hanker after better things; we have one, no!).The lack of hunger for the best or striving for perfection is the "bane of India".
For it we first of all, we should know what is the available "best"& on display. Not only that we need to educate ourselves on that, its Technology (in our heart of hearts, we hate Technology as we can't master it). We aren't innovators in the sense that Westerners are.
We don't know the difference between Science & Technology (for our "Rosy Roti" we don't need to know it). I wouldn't say there aren't strivers in Indians. But they are at ground level between tall trees & unable to reach for sunshine above the canopy! It is basic societal, sociological problem.
We don't know how to locate, recognise, nurture & encourage strugglers "if their aims are lofty" (it needs a helluvalotta hard work, of course). In contrast, Westerners do it (locating the best Indians) for their benefit, over which we have no claim. These are the essential ingredients of failure (& "somehow subsisting" attitude).
@@MrPoornakumar Way too negative. As if there is no innovation or development in India. You cannot expect India to reach the level of innovation that some Western countries have. While recognising the faults and weaknesses, rightly, do acknowledge the developments in infrastructure, services and increasingly, in manufacturing.
Because China can push their Yuan in international trade, so India try to do the same.
China has large export , India has limited export
Really what kind of India products that the world need?. You don't even have your own cell phone brand that they world needs.
Think india 3rd world largest exporter of mobile😂😂@@laosasean8482
I wear Gucci Made in India
I'm surprised that Palki is able to make fair analysis. Well done. This is what MSM should do. To educate and inform the public fairly.
India number 1 💯