We have two brand new shows for you to check out. Flashback with Palki Sharma: ruclips.net/p/PLEVkQGIATCXLJLVyPJAAUuIEUbdkyZiEq Between the lines with Palki Sharma: ruclips.net/p/PLEVkQGIATCXLZqGVWVzA7p3QOhkZ545gK
.............We need to contain ( stop) Indian expansionism in South Asia now... If American government or Chinese government supply enough weapons to Bhutanese, Nepalese,Sri Lankan,Bangladeshi and Pakistani people then we will fight against expansionist India now but it's bad luck that USA and China is not helping these nations people now....We are all fed up with British Ghulam India now"..... .....
The Indian political issue can be solvable by sitting to gather and hammer out the details with China. But India is sabotaging the solution by more being anti China just to please American rulers. That is a big mistake from India
The reason is simple, RMB can buy more things! When a country has a large amount of RMB in hand, they can use RMB to purchase Chinese products or purchase products from countries with currency agreements with China! But when a country has a large amount of rupees, they can only be put there like paper!
@@okechukwuirokanjo8323 You can only rise if you can solve the basic problem of India and one can rise if you have money to spend. Words alone will not buy products. No country will cooperate with India if India has no useful currency. Indian rupee is not useful.
Sorry to disappoint y'all Indians but listen here carefully. China enjoyed almost 40 years of nonstop, uninterrupted, continuous progress through industrialization and export led growth in an era of globalisation and free trade. Only now is India longing to follow China's footsteps, at a time of protectionism and AI assisted automation in manufacturing? India missed the train and it's the last train! Something for you Indians to think about: half of India's population is under 20 years of age. THEY NEED JOBS and not Modi's false promises
Also, India is very exposed to the online service sector because of A.I. about 30% of non farmland jobs are in IT support and related industries in India. I feel bad for India they waited too long to open up. They will have a decade of nice growth, but that's only if the USA and China decide to move companies there in large quantities.
The PRC’s survival will depend on very critical decisions Xi Jinping makes. Unless the PRC can kickstart a healthy consumer base, I don’t see much of a future. I think the PRC embracing Russia will be the end of China as a singular Nation. On the other hand, if Jinping has an epiphany and channels Xiaoping, he could instead become the PRC’s greatest leader for all time.
Stfu don't brag your chinese bs here 😅. Chinese didn't't become rich by themselves they became rich by Western investment and the transfer of western manufacturing and technology. The west made china become industrialized where as india is doing it by itself. Without the west the chinese would still be farming snakes and rats.
"not that bad" the stupidity of an indian is why this world (even here) has never found anything good to say about you. If you are not smart, at least keep quiet. But thanks for reminding everyone how powerful China is, you pay in yuan to make them richer and dominant.
While the cross border dispute between India and China is still a hot topic, we mustn't lose sight of the fact that India and China cannot just pack up all their belonging and find a more friendly neighbourhood to live in. So essentially they have to find ways to co-exist, whether they like it or not. China's ascension is no accident. Hard work, dedication, stability, coherent governance, and above all, good planning. I am sure that India would one day be just as powerful as China. Why the optimism? Because Indian people themselves. They are very similar to the Chinese themselves. Hardworking, and intelligent. Sadly, the other superpower now feels threatened by China, and is doing everything it could to constraint China. Recruiting India as a defence/offense partner is a clear and present example. Aspirations are healthy and good, but getting sidetracked by political ambitions could have fatal results. The US doesn't see anyone as equal. It see everyone as useful tool.
Many Indians have forgotten about the 45 Trillions that was stolen by the East India Company. They have forgotten that it was the East India Company, then British Raj that had colonized and exploited India.
@@xingzou1540 There was a big gap between China and Europe before too. India deserves to be strong and rich, just like what it was in the past, before being exploited by the British.
The reason is simple .. China is the largest importer and exporter in the world and largest trading partner to 160 countries , that says alot why more countries prefer yuan over rupees ...😋
from the WTO annual trade reports, india’s share of global trade is barely 2%. it’s obvious no one wants rupees. it’s value depreciates like a dropping stone
It's the right thing India paying oil in Yuan because Russia has less things to buy in India. As the BRICS improve, nothing wrong India paying in Yuan.
This is what I was thinking. Just earn 100% profit. Take advantage of Russian oil and sell to other countries. When Russia oil goes up and then stop using Yuan.
Then where do you get your Yuan? The trade deficit between China and India is huge, India is importing more than China is importing from India. That means you should be paying more Yuan than you will have
Russia can use the Renmimbi to even pay for goods from other countries. Over 100 countries count China as their largest trading partner. It's a no brainer for Russia to dump the Rupee for the Yuan.
The problem is Indian companies are not willing to export to Russia. If Tata exports jaguar and land rover to Russia it will sell like hot cakes. But Tata, Mahindra, it industry all scared of american sanctions.
@@ParthSarthiem Ruble is removed from SWIFT not USD. Infact russians are crazy to get dollar if US allows it.😂😂 It actually cost more to india to import oil from russia even with the discount due to increased cost of ship insurance. India has options.. iran, saudi and venezuala and pay in dollars. screw yuan and ruble is already dead.
Chinese proverb: If everyone can do, You can do. If no one can do, You must do. Indian proverb: If everyone can do, Let them do. If no one can do, W T F can I do 😂
One more thing: India’s so called demonization caused huge mistrust in Nepal. It has huge piling of Indian currency in central bank. Indian govt declined to take it back ???? How can one trust Indian rupee ???
Good point. This must have been discussed with Modi, at least during Nepali PM's recent visit. Is anything reported on this? Any answers we got from Modi ?
@@indieboy1033 Number of times. The right channel is central bank to central bank. India just ignored without giving reasons. India May have suspected that Indian rupees deposit in Nepal are printed in China.
Bharat has 1.4B people they must feed and employ. You need cheap energy to satisfy both. Trading in Yuan Vs Rupee is a small price pay to keep Bharat stable.
Who dares to go invest in India with daylight robbery of foreign investors? Chinese investors are not the first case Chinese investors are just too naive, haven't they studied why so many western manufacturers have pulled out from India previously after Indian government levelled all kinds of charges against them when these foreign investors wanted to repatriate home the profits made in India.
💐Peace Be With You💐 We invite you to the Religion of Islam, as you may find peace. 💎ISLAAM💎 is the latest revelation from The Almighty Allah (God) for all the humankinds worldwide. If you die as a non-Muslim, according to Holy Qur'an There'd be an Eternal punishment in the hell fire for other religions will be invalid and it'll have consequences, since 1400 years, The Rules Apply. Suggestion: Do Some Research About All the Religions, And Then Choose The Religion that makes most sense. 🖊 Welcome To ISLAAM 💚💐
Companies from USA, UK and China, all have been fined by India Vodaphone (UK) suffered the largest fine. 1,770 foreign companies have already left India. India with over 120 Million unemployed, jobless Indians, can't really afford having all these foreign enterprises fleeing India.
China-Russia trades are expected to exceed US$200 billion in 2023. The reason why Russia insists on oil settlement with India in Yuan is because China is the factory of the world. China produces so many different products, including EV that Russia desires to import.
There is a difference between true patriotism and blind patriotism The former is realistic and pragmatic and the latter is purely self destructive with hatred This is truly sad,as I still think India is the weakest link in Asia Solidarity
@@ahsoontan1219 Very often the Western view of India is considered by Indians. No thanks to colonialism, Indians have a negative view of the Westerner. The bad news is the rest of Asia, especially East Asia views India as an inferior nation. The Asian solidarity actually doesn't exist, if it does it exist only among East Asian nations. India is viewed as a market but nothing else. None of the East Asian nations buy Indian goods in large numbers.
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 😂
Indians needs to accept the fact that,it borders issues should never interfere in it doing business especially with BRICS members,Yuan can be accepted in many parts of the world but not Rupees as the world gears towards de-dolallarization
Chinese yuan was added to the Special Drawing Rights in 2015. （SDR） is a currency basket composed of the US dollar, euro, Chinese yuan, Japanese yen, and British pound
US strategist believed China is pursuing to remove USD and using RMB as global currency. This is around 5-10 years ago where US news and senators urged the danger of RMB that will replace USD. However after many years, RMB is still way below value of US forecast. Now we can see that China is reducing the power of USD by using entire World's currency. If US gov and allies sanction a nation from using Dollars, there will be hundreds more options to trade.
Here's why. The CNY is the fifth largest reserve currency, while I can't even find the Rupee on the list. I can understand why Indians are upset, but currency nationalism is impractical and ill-advised in the international marketplace. The best would be to get a BRICS currency that is guaranteed by the BRICS Development Bank. Meanwhile, the CNY is the only available option that makes economic sense for both countries.
Yup. The Chinese Yuan is just the temporarily solution to avoid the dollar. Once the BRICS currency comes out, all the BRICS members will switch over and use that for trades.
It's a long way until BRICS currency, for meantime, as long as member countries have the determination, they can trade with national currency to avid dollar. Another good way to achieve that is to expand BRICS to accept more countries
But to get CNY you need to find willing CNY holders to sell for Indian Rupees in sizeable amounts....in the end, why would they want to hold rupees if there is nothing of value or cheap to buy from India and holding rupees would have risks in offloading to other unfortunate buyers.
1 dollar = only 50 rupees in 2014. Now India pay 80 rs.for 1 dollar......Indian rupees is loosing value.......China buys 1 dollar for only 7 yuan... ...So Chineses Yuan is powerful after Dollar......No one trust the rupees because it has no value in the world....
The main difference between China and India: When China plans something, the world would know about it once it has been completed. When India plans something, the whole world would know about it even before it starts 😂
How to avoid Indian debt trap: 1. Avoid doing business with them all together 😂 2. DO NOT except worthless rupee payment 3. DEMAND payment UPFRONT in legitimate currency or gold, only then deliver goods or services Good luck 😂✌
@@samesame5524 So what? it is first time under Modi gov India is using chinese yaun for trade. If modi really cares then he will bring rule to completely ban usage of chinese yaun for trade. If it continues then It will be long term disaster for India, since many country will follow same path after looking at India, and chinese yaun will get world wide acceptance.
Russia can use yaun for purchase of good and services from various countries where as Russia can use Rupees for purchase of things from India only and Russia does not dependent on Indian goods that is the problem.
India better accept where they are, every culture has a perception of other cultures and despite what you think of Africans, Africans have vast resources the world has and will cavert
The Indians look down on Africa when their Hunger Index is worse than Africa, they think they're the Nuclear Vely Strong Super Powder of the World, some say the Universe. 😂😂
@@andrewlim7751 Here you are comparing a continent with two different Asian countries. Preety stupid. And we aren't colonial mindset, Don't compare us with europians. All we have is our own, not a loot economy. China worked heart and soul to reach this status after getting bankrupt after colonial loot. We are rather bit slow, but we are growing Economy. In terms of science and technology India is far ahead of African Countries. China is ahead of us. But both India and China has rich history. We had our language and culture. And we are oldest known civilization of the world. We share a lot in history. We had better relationships in past.
Few months back Palki was extolling the virtues of INR as future reserve currency and BRICS opening its own currency as Rival to the $$.Now reality has set in. INR is useless outside india , except in few places like UAE, Singapore, etc. Russia complained that it don’t warn Rupee for its oil. So Renimbi is the default currency for oil purchases from Russia. This makes india even more subject to Chinese currency manipulation. Also my question is how is india getting the yuans ? Only bright spot is that Indian refiners are getting windfall buying discounted Russian crude and selling diesel and refined products to Europe, making Ambanis rich. The arrangement suits US as cheap Russian oil keeps market stable while reducing revenues to Putin. Russia China can put a squeeze on india anytime.
@@waltershearls how are your soldiers...? Are they still suffering from pstd.. 😂 I mean so called superpower country got defeated by their own creation radical islamic Afghani Shepherds aka Taliban with outdated Russian Weapons & cowardly withdrew from Afghanistan Leaving behind Billions Dollar Worth Of Weapons and vehicles. 🤣
@regophil That's far from the truth, 65 different countries have sanctions on Russia. All we see online is Hindu virtual signaling about colonialism, but ignore what Russia is doing because it benefits them. India hasn't sent even a blanket to Ukraine. It's an economical beneficiary for India to play both sides, but that could easily become negative as block trading alliances are formed. No one really trusts India, so Modi will get invited to the party but never to the backroom where deals are made.
India is poor country 🌺 because 800 millions people are still getting Ration food @5 kg per month. People working as security guards, chaukidaars, peon, sweepers are getting 4 dollars per day…. Such a funny situation… And these politicians are running a flag of richness… Jai Hind
I think it is good thing that, India is paying in Yuan. Because it will make Yuan costly and therefore Chinese imports costly, giving advantage to Indian manufacturing.
Countries need US dollars in order to purchase oil (excluding Russia). Countries need Chinese Yuan in order to import Made in China. What do you think countries would do with rupiis? Buy curry powder from India? 😂
Curry taste better than noodles. We are far older than China. Our culture is much older. Don't disrespect power of curry, it's liked with our Vedic age, saint's and knowledge.
So the question is where does the gold come from? India's gold is purchased with foreign exchange reserves (US dollars). However, India is a country with a trade deficit, and consumption exceeds income. How to ensure the stock of gold is a big problem!
India tried to complete with China for almost everything. But democracy deoes not mean India currency is more attractive. It is all about business benefit. Paying by China Yuan is not a shame but a good practice. India gets the cheap oil from Russia and Russia gets the money Yuan. Both should be happy. China is also happy to see its currenty more important in trades.
Funny thing is that India buys a lot of Russian oil in rupees, leaving Russia with tens of billions of Indian rupees in its hands. When Russia wanted to take those rupees to buy something produced in India, India refused to sell it. Hahahahaha, India has stomped on India's monetary credibility with this move, it's stupid. This is the reason why Russia will never accept Indian rupees again
@@warpeace9610really? It's so hilarious that I don't believe it. There surely must be a logical reason. Like currency stabilisation and being able to control money circulation
Many Indians think that if foreign factories were to move out of China, it would be the end of China as the manufacturing hub of world 😂 Sorry to disappoint y'all Indians, a decade ago foreign enterprises comprised up to 78% of Chinese exports. Today, that figure is just 11%! Meaning: Chinese exports are now mostly done by Chinese factories 😂
@@meghnabandopadhyay8572 I think as an individual you don't think much about China but, this news Channel never misses a day without talking about China....
Doing business is a willing seller and willing buyer arrangement. If Russia wants to sell their cheap Russian oil to India and in return require yuan payments so that it can buy all sorts of Chinese manufactured products, then India has a choice of whether to agree to this arrangement or not. If India doesn't agree ( not a willing buyer) then no trade takes place. It is that simple to understand.
Funny thing is that India buys a lot of Russian oil in rupees, leaving Russia with tens of billions of Indian rupees in its hands. When Russia wanted to take those rupees to buy something produced in India, India refused to sell it. Hahahahaha, India has stomped on India's monetary credibility with this move, it's so stupid
I have nothing but huge respect for the amazing work of Dr. Shashi Tharoor's captivating book, *How British looted 45 trillion from India* which unquestionably stands as a masterpiece of the highest quality. The content of the book is truly awe-inspiring, and I thoroughly enjoyed reading it. The dedication and hard work poured into the book are greatly appreciated by many. Additionally, the 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," which is equally astounding. The commission consistently produces insightful and thought-provoking articles of the utmost caliber, and I sincerely hope they continue to produce such exceptional work
I am really impressed by their achievements in the last 23 years. *Compare to my India* *Wealth* China: 120 Trillion India: Less than 2 Trillion *Economy/GDP* China: 19.91 Trillion India: 3.53 Trillion *Rocket launches 2021* China: 56 India: 2 *IQ* China: 104 India: 82 *Olympics Gold Medal 2021* China: 38 India: 1 *Reserves* China: 3,306 Billion India: 577 Billion *Numbers of Companies in the Fortune 500* China: 144 India: 7 *Rovers on Mars* China: Yes India: No *Rovers on the Moon* China: Yes India: No *Humans in space* China: Yes India: No *Space station orbiting above us right this moment* China: Yes India: No Reference: FirstPost : China overtakes US to become world's richest nation as global wealth triples in last two decades Wion - At $514 trillion, China overtakes US in terms of amassing the biggest net worth Indiatoday - China overtakes US as world’s richest nation Tribuneindia - China overtakes US as world’s richest country Businessinsider india - China overtakes US as the richest country in the world Thequint - China Overtakes US as the World's Richest Nation Hindustantimes - China overtakes US to grab top spot in list of richest countries Indiatimes - Global wealth surges as China overtakes US to grab top spot NDTV - China Is Now World's Richest Nation, Ahead Of US NewsX - China Overtakes US As World's Richest Nation India - China Becomes Richest Country In The World, Overtakes US To Grab The Top Spot Timesofindia - Global wealth surges as China overtakes US to grab top spot Newindianexpress - China overtakes US as richest country in the world Oneindia - China overtakes US as the richest country in the world News18 - चीन बना दुनिया का सबसे अमीर देश, अमेरिका को किया पीछे Aajtak - छिन गया America से ताज, अब China दुनिया का सबसे अमीर देश! Zeenews - Worlds Richest Country: America पीछे... China बना दुनिया का सबसे अमीर देश TV9 Hindi - अमेरिका को पछाड़कर चीन बना दुनिया का सबसे अमीर देश, 20 साल में बनाई इतनी संपत्ति Newsleadindia - चीन ने अमेरिका को पछाड़ा दुनिया का सबसे अमीर देश List of countries by GDP (nominal) Medal Tally | Tokyo Olympics 2021 List of countries by FOREX reserves Fortune Global 500 2021 | Full list of ranking Spaceflights in 2021 Average IQ by Country 2022 *American News* BIoomberg - Global Wealth Surges as China Overtakes US to Grab Top Spot Yahoo Finance - Global wealth surges as China overtakes US to grab top spot *Japanese News* Nikkei - China overtakes U.S. in national net worth to grab top spot *UK News* Dailymail - Global wealth trebles in last 20 years as China overtakes US with the highest net worth - accounting for a third of world's growth
1 You gotta stop for a minute and acknowledge how weak India is. Over a billion of them couldn't even stop 1,000 British saiIors from completely taking over every inch of their Iand for 200+ years. Malnorished them, made them sIaves, took 45 trillion and 1.8 billion of them were massacred & raped in the process
It's the option of BRICS currency, if one has excess amount they can opt for others so the balance is there. For e.g. if there is excess yuan with Russia they can trade with rupee, if both currency are in excess reserve they can trade with SA currency. So it's more like a currency circulation within the BRICS nation to keep the balance of power.
They can invest in Indian startups without a formal trade deal to use the money. If they still ask what would they do with INR, russia is at its end. americans will definately end them.
@@jituladhikary2227 our startups are pretty mediocore very few indian companies are in fortune 500 we only mock china but they have 78 companies in global 500
Zerenziky joining NATO was not his plan but it was the plan of the Americans. Zerenziky was given the presidency of Ukraine by the United States on the condition that Ukraine joins Nato, that's why the United States is fighting so much with this war because it concerns him. Before Zerenziky there was a President who was overthrown, the coup was planned and carried out by the Americans and then they put their puppet Zerenziky on the condition that it joins Nato. So Zerenziky was given the presidency of Ukraine as mercenaries of the United States. America is very involved in all the revolutions taking place in the world. supported by their media.
How demonetization destabilized the Indian economy and its middle class... now, the ban of Rs.2000... And Palki has well spoken in WION about India's extensive dependence of the import of Chinese goods.....
The China's Yuan expansion with more & more countries using/tradings with Yuan is definitely better for the world and humanity. It is fairer and more equitable with more choices; a truer freedom of choice, democracy, etc..!
If Russia could face this problem of not knowing what to do with its stockpile of useless Indian rupiis, other countries would too. How on earth will India be able to turn the rupiis as an international currency? 😂
Most important, no country want to be next Pakistan and Sri Lanka with debt games that China has been playing. Further, no one wants to go against NATO countries who are trade partners of these countries. If there's a war with the US or other NATO country, their money in Yuan will be frozen for no mistakes of theirs. Nobody wants to take a risk that can hamper their economic stability. Fortunately, that's not the case with Indian rupees. Further, India held 65% export trade for a long time, and matter of time, where India can reach again without polluting and climate change effects that are common in China.
@@hemantpanchpor And you think US and NATO dare to go to a war with China? Despite how weak economically Russia is US never dare to go to a war with Russia. There are a few countries that US and NATO never dare to go to a war with unless they are under attack. These countries are Russia, China and India. India without pollution? India is now more polluted than China. 19 of world's most polluted cities are found in India.
Foreign companies money is not safe in India, judging from what India done to foreign companies who cant even pay Royalty fees to an American company, or transfer any of their money out of India to even make a payment.
What India is participating in is an emerging form of 'currency multipolarity', this being much more than the dilution of the US dollar's footprint. It is about a new architecture of cross-border value flows anchored by data systems in which participating nations can have more confidence and which better integrates the expanding infrastructure of transportation and logistics, with the digital ecosystems of standards, blockchains, big data computation and automation. Currency multipolarity and digitalisation go hand in hand and China is a leader in the development of digital currencies.
Funny thing is that India buys a lot of Russian oil in rupees, leaving Russia with tens of billions of Indian rupees in its hands. When Russia wanted to take those rupees to buy something produced in India, India refused to sell it. Hahahahaha, India has stomped on India's monetary credibility with this move, it's so stupid
Funny thing is that India buys a lot of Russian oil in rupees, leaving Russia with tens of billions of Indian rupees in its hands. When Russia wanted to take those rupees to buy something produced in India, India refused to sell it. Hahahahaha, India has stomped on India's monetary credibility with this move, it's so stupid
Hmmm ..... If you look at the value of the indian rupee over the last year, since dropping US dollar, its has risen significantly against both the ruble and the yuan. So maybe , just maybe ..... Everyone else in the world knows something that the USA is trying hide ?? 😊
Russia is building its reserves to fight Ukraine. Russia is also holding the yuan to build its infrastructure. BRICS is becoming increasingly powerful on the world stage. MOTHER RUSSIA RISING
Politicians in most so-called democratic countries do more politicking than actual work. On the other hand, China efficiently walks the talk. When reality hits the ground, emotions overflow. The main agenda of the U.S is that no superpower should emerge from Asia or Africa. It's better for India and China to solve their geopolitical differences and work together as a united force. Emotions won't add a thing of value.
The solution is simple. Just cut back the Russia oil consumption to the level before the Rupee/Ruble direct trade agreement. The reason Russia runs a huge surplus of Rupee is that India takes full advantage of the agreement to boost it oil refinery industry by import 3-4 times as much oil from Russia as they used to. That may be the reason for the first time India GDP suppress UK in 2022 although India will eventually suppress UK in the long run but the sudden jump of oil refinery income certainly speed it up. It is all driven by greed.
@@Tampin111 Well said. India willing to swallow the pride and use yuan is because there are huge profits to be made from reselling to Europeans. India economy changes very little as compared to pre-pandemic, the multi-fold import increases are meant to buy low and sell high.
This is a major setback to India. It shows how weak Rupee is, in the face of the euphoria that Rupee is going to replace US$! In the face of the currency war against US$, this minor skirmish will blot out the big picture. Russia isn't (simply unable to) buy goods from India. It is a flaw in the trade between the two. All the same, it is the Russia-PRC trade that comes to the fore, even though "through India"! India needs to re-think her strategy that needs to be wholly recast. India is poised to export her agricultural produce (only the so-called third world countries) only in a big way, that will fetch less in comparison to engineering good & such. It reminds me of the words of Kota Harinarayana, father of "Tejas" aircraft. He said in a lecture, "one Tejas will bring us as much foreign currency as a hundred thousand tons of Basmati rice" ! It seems Indian planners are blind to this lacuna. Or India needs to charge high for her agricultural products that none would pay. There is a drummed up crescendo of India's successful export drive, labeling it as an achievement that is totally unwarranted. Nobody in the world is prepared to import important engineering stuff form India. What India needs to know in this respect is that her goods lack the Technology demanded. Among major countries, India stands Technologically poor, by far. That she needs to know & then only she 'd be in a position to correct (you should know what to "correct", no?)
Funny thing is that India buys a lot of Russian oil in rupees, leaving Russia with tens of billions of Indian rupees in its hands. When Russia wanted to take those rupees to buy something produced in India, India refused to sell it. Hahahahaha, India has stomped on India's monetary credibility with this move, it's stupid. This is the reason why Russia will never accept Indian rupees again
@@warpeace9610 This seems to be the real problem, kept away from public view. India, in her selfishness (to replace US$ with Rupee) is ditching her friend. India must do something to correct the situation. Rupee is yet to become strong (it is still a long way) to replace US$. Do something about it.
When there's a train accident in Taiwan, Chinese mainlanders and Chinese people all over the world would feel sad. Because they all felt a deep rooted bond to the Chinese people of Taiwan, as if they're all one of a kind. When there's a train accident in Odisha, Indians from other states do not have the same feelings. Because "Indian" is not a race, it's just a geographical expression
Heavens forbid, given the quality of Chinese products, if there is train accident in China, it would be impossible to clear the wreckage and identify the dead.😮😮😮😮
I Love the way how India always does what is best for India despite of western pressure... We are doing the same thing Here in South Africa... Narendra Modi we look up to you as the strong leader that you are... Love to India all the way From South bAfrica
This is temporary and this too shall change. That's what history has taught us. Nothing is permanent. We just do our work, live and leave a better world for those coming behind us that is the best we can do.
@@directorofficer8565 read history books and you will figure it out. It will be much shorter given the information technology available to everyone. It does not take much time these days to turn things around in 10-15 years time. That's why some want wars to destroy that rise of others and keep them down. Pure hatred in their hearts.
From Wion to FirstPost, Palki Sharma's hatred of china never ceases to amaze me. Im just an African with popcorns in the comment section witnessing the Kumars and Rajas vs the Wang and Lee fighting and spicing it out😅
@krishnakumarramamurthy1485 Why is it because of similar outlets to this one told you so? Or will ignore that dollar settlements have gone up this year? Will you ignore that Renminbi, Rupee and Ruble have lost value against the dollar over the past year? Let's ignore 10 other things that that says otherwise so you can feel better.
Indian need to reduce too much pride. Indian was using dollar for so long no complain. nobody wants to buy Indian rupees. yuan can buy so many things it's simple math
Russia has a lot of Indian Rupee from oil trade. But India does not allow Russia to buy Indian goods with Indian Rupee. So Russia has billions of Indian cash like waste paper.
I believe there is no reason to be concerned and alarmed by India. Because your analysis shows that India is making concerted efforts to balance its trade with Russia. It has identified the problem and the concerns of Russia. And Indian authorities are not irresponsible and irrational. Because trade and international relations are intertwined, and India is very much aware of this delicate balance.
For me, Indian should cooperate with China for global peace. At least China is not a warlike people; China has never invaded any country, nor taken any race into slavery. Secondly China & Indian have suffered Western imperialists invasions and disturbances.
@@meghnabandopadhyay8572 Taiwan has been China's territory since ancient times, and all countries that have established diplomatic relations with China are carried out under this framework, this is the premise and the bottom line, please don't say such ignorant words again, perhaps the summer worm can not be said ice
Admirable will in India for maintaining sovereignty against the struggle between global powers. Something smaller Nations could learn from. Sadly for many, colonization is complete deep down into their mentalities, despite world history declaring that "the colonial age is over". Looking at you Philippines and Japan.
Focus on Indian defence development .. bring it to 100% self reliable... down the line 🇮🇳 should be independent friend .. also support research in big way...
First post is behaving as if we were making all payments in INR till now. Yuan is replacing USD, what's the problem. We never had issue with USD, why make fuss about Yuan.
We have two brand new shows for you to check out.
Flashback with Palki Sharma:
ruclips.net/p/PLEVkQGIATCXLJLVyPJAAUuIEUbdkyZiEq
Between the lines with Palki Sharma:
ruclips.net/p/PLEVkQGIATCXLZqGVWVzA7p3QOhkZ545gK
I can use yuan to buy chinese goods but what can i buy with indian rupee??
.............We need to contain ( stop) Indian expansionism in South Asia now...
If American government or Chinese government supply enough weapons to Bhutanese, Nepalese,Sri Lankan,Bangladeshi and Pakistani people then we will fight against expansionist India now but it's bad luck that USA and China is not helping these nations people now....We are all fed up with British Ghulam India now".....
.....
Because Indian rupees sucks 😅😅😅😅😅😅😅
The Indian political issue can be solvable by sitting to gather and hammer out the details with China. But India is sabotaging the solution by more being anti China just to please American rulers. That is a big mistake from India
💩🧠
The reason is simple, RMB can buy more things!
When a country has a large amount of RMB in hand, they can use RMB to purchase Chinese products or purchase products from countries with currency agreements with China!
But when a country has a large amount of rupees, they can only be put there like paper!
Like paper 📃?😂😂 the Indians 🇮🇳 are fast rising so don't underrate them
@@okechukwuirokanjo8323 你说得对，也许有的国家需要进口印度牛粪。。。
Russian Putin dumped yuan
@@okechukwuirokanjo8323 You can only rise if you can solve the basic problem of India and one can rise if you have money to spend. Words alone will not buy products. No country will cooperate with India if India has no useful currency. Indian rupee is not useful.
Make your economy strong & export more Import less But sad it is revers of it.
Sorry to disappoint y'all Indians but listen here carefully. China enjoyed almost 40 years of nonstop, uninterrupted, continuous progress through industrialization and export led growth in an era of globalisation and free trade. Only now is India longing to follow China's footsteps, at a time of protectionism and AI assisted automation in manufacturing?
India missed the train and it's the last train!
Something for you Indians to think about: half of India's population is under 20 years of age. THEY NEED JOBS and not Modi's false promises
Also, India is very exposed to the online service sector because of A.I. about 30% of non farmland jobs are in IT support and related industries in India. I feel bad for India they waited too long to open up. They will have a decade of nice growth, but that's only if the USA and China decide to move companies there in large quantities.
I learn a lot more in comments than from the news on this channel.
Modi is fatu all knows
The PRC’s survival will depend on very critical decisions Xi Jinping makes. Unless the PRC can kickstart a healthy consumer base, I don’t see much of a future. I think the PRC embracing Russia will be the end of China as a singular Nation. On the other hand, if Jinping has an epiphany and channels Xiaoping, he could instead become the PRC’s greatest leader for all time.
Stfu don't brag your chinese bs here 😅. Chinese didn't't become rich by themselves they became rich by Western investment and the transfer of western manufacturing and technology. The west made china become industrialized where as india is doing it by itself. Without the west the chinese would still be farming snakes and rats.
Palki's BLOOD is BOILING right now 😂
🤣🤣🤣
yes, its normal 😢
That's what I come here to see her outrage, it's amusing
Bring her down from the India pedestal she’s on lol
😂😂😂😂😂😂😂😂😂
It is not that bad. Looking at it objectively, Either you pay in yuan or you don't by cheap oil. The choice is simple.
"not that bad" the stupidity of an indian is why this world (even here) has never found anything good to say about you. If you are not smart, at least keep quiet. But thanks for reminding everyone how powerful China is, you pay in yuan to make them richer and dominant.
That is one way to put it and a good point. Bottom line it is all about business and the final objective.
What about boycott China?
Does India has any spine?
The Indians never mention how many bucket loads of USD and EURO it earned from selling the resulting oil products to EU by merely changing-hands.
BUT IND!A IT'S SUPPER P0PP0R C0UNTRY!!!
😊😊😊🤭🤭🤭🤣🤣🤣
While the cross border dispute between India and China is still a hot topic, we mustn't lose sight of the fact that India and China cannot just pack up all their belonging and find a more friendly neighbourhood to live in. So essentially they have to find ways to co-exist, whether they like it or not.
China's ascension is no accident. Hard work, dedication, stability, coherent governance, and above all, good planning. I am sure that India would one day be just as powerful as China. Why the optimism? Because Indian people themselves. They are very similar to the Chinese themselves. Hardworking, and intelligent.
Sadly, the other superpower now feels threatened by China, and is doing everything it could to constraint China. Recruiting India as a defence/offense partner is a clear and present example. Aspirations are healthy and good, but getting sidetracked by political ambitions could have fatal results. The US doesn't see anyone as equal. It see everyone as useful tool.
如果中印成为了互帮互助的好邻居世界一定会更美好，但这是美国不愿看到的😂
如果印度把藏南还给我们，中印两国就能保持友好。如果印度继续占据我们的藏南，那么我们只能用武力夺回藏南了。
But there's a big gap between Indian and Chinese.
Many Indians have forgotten about the 45 Trillions that was stolen by the East India Company. They have forgotten that it was the East India Company, then British Raj that had colonized and exploited India.
@@xingzou1540 There was a big gap between China and Europe before too. India deserves to be strong and rich, just like what it was in the past, before being exploited by the British.
The reason is simple ..
China is the largest importer and exporter in the world and largest trading partner to 160 countries , that says alot why more countries prefer yuan over rupees ...😋
To understand it, these Indians have to change their race to be non-Indian. Only then they will know why they don't like Indian rupees..
from the WTO annual trade reports, india’s share of global trade is barely 2%. it’s obvious no one wants rupees. it’s value depreciates like a dropping stone
@@Kevin-fq3zh true
@@Kevin-fq3zh Wow, barely 2%, they are not ready for prime time!
@@Kevin-fq3zh Even with 2% share, Indians are acting like they are superpower everywhere.
Rupee is not highly valued as reserve currency ... history of depreciation and volatility.... that's the truth!
Indians need to fix their own country before talking about China...
Facts
India only contribution to the world is internet and phone scams.
Same with China.. so 6our log8c doesnt fit.
@@venusdemilo1627same for China. So its not reality check. Be more smarter rather than jumping to ignorant opinions.
It's the right thing India paying oil in Yuan because Russia has less things to buy in India.
As the BRICS improve, nothing wrong India paying in Yuan.
This is what I was thinking. Just earn 100% profit. Take advantage of Russian oil and sell to other countries. When Russia oil goes up and then stop using Yuan.
But what about galwan valley soldiers who lost their lives?
@@vinukaushik29may Chinese lost double of their lives.
@@HS-vr7cqIndian like u live in unreal dream
Then where do you get your Yuan? The trade deficit between China and India is huge, India is importing more than China is importing from India. That means you should be paying more Yuan than you will have
Russia can use the Renmimbi to even pay for goods from other countries. Over 100 countries count China as their largest trading partner. It's a no brainer for Russia to dump the Rupee for the Yuan.
The problem is Indian companies are not willing to export to Russia. If Tata exports jaguar and land rover to Russia it will sell like hot cakes. But Tata, Mahindra, it industry all scared of american sanctions.
Its 150 countries in the world, even IMF. 😁
India is part of BRICS,I don't know why Indians worry about India paying in Yuan.
true
@@andrewlim7751Nonsense
journalism has become emotionalism.
That’s bad for health 😂
Islamist Chinese bootlicker 😂
or idealism
Obviously Russia has better use for the Yuan they receive. There isn't much they can buy with Rupees ?
its its all the same, why would india trade in yuan when we have the option of dollar?🤣😂
@@jituladhikary2227Because, USD Doesn't Work In Russia. It has been removed from SWIFT Network.
they can build a cow temple in Mos-cow
@@ParthSarthiem Ruble is removed from SWIFT not USD. Infact russians are crazy to get dollar if US allows it.😂😂 It actually cost more to india to import oil from russia even with the discount due to increased cost of ship insurance. India has options.. iran, saudi and venezuala and pay in dollars. screw yuan and ruble is already dead.
@@vemaraju India already has a cow temple in Moscow.
Chinese proverb:
If everyone can do,
You can do.
If no one can do,
You must do.
Indian proverb:
If everyone can do,
Let them do.
If no one can do,
W T F can I do 😂
Ok take a break now
😂😂
🤣
😂
😂😂😂😂
The SALTINESS in Palki's voice 😂😂
instead of spending time criticising all & sundry, india should engage in some serious self-reflection. talk less, do more.
I came here to hear the saltiness and get amused and sure enough...
我是来看shama破大防的。
LOL... Her anit-China stance is laughable. I believe she is paid to hate china.
She almost cried
One more thing: India’s so called demonization caused huge mistrust in Nepal. It has huge piling of Indian currency in central bank. Indian govt declined to take it back ???? How can one trust Indian rupee ???
Good point. This must have been discussed with Modi, at least during Nepali PM's recent visit. Is anything reported on this? Any answers we got from Modi ?
@@indieboy1033 Number of times. The right channel is central bank to central bank. India just ignored without giving reasons. India May have suspected that Indian rupees deposit in Nepal are printed in China.
Bharat has 1.4B people they must feed and employ. You need cheap energy to satisfy both. Trading in Yuan Vs Rupee is a small price pay to keep Bharat stable.
Is Bharat a different word for India?
I heard that Chinese companies investing in India have just been fined a huge amount by the Indian government
Who dares to go invest in India with daylight robbery of foreign investors? Chinese investors are not the first case
Chinese investors are just too naive, haven't they studied why so many western manufacturers have pulled out from India previously after Indian government levelled all kinds of charges against them when these foreign investors wanted to repatriate home the profits made in India.
💐Peace Be With You💐
We invite you to the Religion of Islam, as
you may find peace.
💎ISLAAM💎 is the latest revelation from The Almighty Allah (God) for all the humankinds worldwide.
If you die as a non-Muslim, according to Holy Qur'an There'd be an Eternal punishment in the hell fire for other religions will be invalid and it'll have consequences, since 1400 years, The Rules Apply.
Suggestion: Do Some Research About All the Religions, And Then Choose The Religion that makes most sense. 🖊
Welcome To ISLAAM 💚💐
That is superb news for it will scare all foreign investors who put their trust in India. Well done India.
Wow, the democracy
Companies from USA, UK and China, all have been fined by India
Vodaphone (UK) suffered the largest fine.
1,770 foreign companies have already left India.
India with over 120 Million unemployed, jobless Indians, can't really afford having all these foreign enterprises fleeing India.
China-Russia trades are expected to exceed US$200 billion in 2023. The reason why Russia insists on oil settlement with India in Yuan is because China is the factory of the world. China produces so many different products, including EV that Russia desires to import.
You can't buy much stuff with rupees except curry powder and chapatis.
@@steelydan1242 and Naan.
@@RichardBrett899 and Samosa.
So Palki is meekly accepting that China is the bigger power in trade...
❤❤❤Pray she is not waking up in cold sweats every night with this true facts that yuan is more valuable than rupee😂😂😂
There is a difference between true patriotism and blind patriotism
The former is realistic and pragmatic and the latter is purely self destructive with hatred
This is truly sad,as I still think India is the weakest link in Asia Solidarity
You people are blind, she explained everything and you MuthaFqrs are playing politics here😂
@@ahsoontan1219 Very often the Western view of India is considered by Indians. No thanks to colonialism, Indians have a negative view of the Westerner. The bad news is the rest of Asia, especially East Asia views India as an inferior nation. The Asian solidarity actually doesn't exist, if it does it exist only among East Asian nations. India is viewed as a market but nothing else. None of the East Asian nations buy Indian goods in large numbers.
So..are you saying that India is the bigger power in trade?
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 😂
Today I cleaned my room.I killed lots of cockroaches,lizards & rats.want to eat it..?🤣
Indians needs to accept the fact that,it borders issues should never interfere in it doing business especially with BRICS members,Yuan can be accepted in many parts of the world but not Rupees as the world gears towards de-dolallarization
You said it all obviously India's should open Thier eyes and know Thier place
As long as they are Indians, they can never understand it.
Unless they change their race to non-Indians.......
agree
Chinese yuan was added to the Special Drawing Rights in 2015. （SDR） is a currency basket composed of the US dollar, euro, Chinese yuan, Japanese yen, and British pound
India is paying for Russian oil in yuan because the Chinese currency is not weaponized like the dollar.
US strategist believed China is pursuing to remove USD and using RMB as global currency. This is around 5-10 years ago where US news and senators urged the danger of RMB that will replace USD. However after many years, RMB is still way below value of US forecast. Now we can see that China is reducing the power of USD by using entire World's currency. If US gov and allies sanction a nation from using Dollars, there will be hundreds more options to trade.
Here's why. The CNY is the fifth largest reserve currency, while I can't even find the Rupee on the list. I can understand why Indians are upset, but currency nationalism is impractical and ill-advised in the international marketplace. The best would be to get a BRICS currency that is guaranteed by the BRICS Development Bank. Meanwhile, the CNY is the only available option that makes economic sense for both countries.
Yup. The Chinese Yuan is just the temporarily solution to avoid the dollar. Once the BRICS currency comes out, all the BRICS members will switch over and use that for trades.
It's a long way until BRICS currency, for meantime, as long as member countries have the determination, they can trade with national currency to avid dollar. Another good way to achieve that is to expand BRICS to accept more countries
But to get CNY you need to find willing CNY holders to sell for Indian Rupees in sizeable amounts....in the end, why would they want to hold rupees if there is nothing of value or cheap to buy from India and holding rupees would have risks in offloading to other unfortunate buyers.
BRICS currency? According to India govt recent actions, maybe the other BRICS countries are starting to think how to kick India out of the BRICS.
@@leonjiang-kq2qo What recent action?
1 dollar = only 50 rupees in 2014. Now India pay 80 rs.for 1 dollar......Indian rupees is loosing value.......China buys 1 dollar for only 7 yuan... ...So Chineses Yuan is powerful after Dollar......No one trust the rupees because it has no value in the world....
You mean Japanese Yuan is even worse? You do not understand economics.
@davidz7858 who cares about Japan? The question is why other countries don't want a cheap currency like Indian rupee.
@@tinujacob2833 why does world trade in a Japanese yuan which is even cheaper than Indian Rupee?
@shaswatshrey9712 they are not global currency...India says stupid things like rupee will be used by every country in the world....
@@tinujacob2833 you are saying japanese yuan is not a global currency?
The main difference between China and India:
When China plans something, the world would know about it once it has been completed.
When India plans something, the whole world would know about it even before it starts 😂
Lmfaoooo
You are very right....😂
Just curious, which India's plan actually completed? 😂😂
India talks, China walks..... and when China reaches its destination first, India angry
Modi is a puppet to our president Biden. LOL.
This was expected outcome, when Mr Lavrov said that Russia has billions of Indian Rupee in the banks.
Nobody need rupees, what they going to buy? A mountain of cow-pies?? 😂
Mr Lavrov also said: "We can't do anything with rupees, the Indians themselves don't wan it."
😂😂😂
@@EroticOnion23 🤣
@@andrewlim7751 🤣
@VoltarStarman 🤣
How to avoid Indian debt trap:
1. Avoid doing business with them all together 😂
2. DO NOT except worthless rupee payment
3. DEMAND payment UPFRONT in legitimate currency or gold, only then deliver goods or services
Good luck 😂✌
This statement should be frame up with bullet proof glass and hang in the middle of your office. Just in case. 😂😂
The power of China must be respected.
2nd largest economy is worthy of respect.
Indians think too highly of themselves.
India under Modi finally bow down. Never expected this, but china is too powerful.
@@mein3324you are the first to say India bow down under modi.😊
@@samesame5524 So what? it is first time under Modi gov India is using chinese yaun for trade.
If modi really cares then he will bring rule to completely ban usage of chinese yaun for trade.
If it continues then It will be long term disaster for India, since many country will follow same path after looking at India, and chinese yaun will get world wide acceptance.
Indian company making China more richer. Well done 👏 👍
Did the Chinese force Indians to use RMB? 😂😂😂
@@andrewlim7751 you tell me I don't use nor Yuen nither Ruppe but Sterling Pounds.😄😃😀
China didn't point a gun onto the CEO of these Indian Companies forcing them to use yuan.....
The 2nd stupidest thing India is doing is making China its enemy.
The payment is made to Russia. Not China.
Russia can use yaun for purchase of good and services from various countries where as Russia can use Rupees for purchase of things from India only and Russia does not dependent on Indian goods that is the problem.
India better accept where they are, every culture has a perception of other cultures and despite what you think of Africans, Africans have vast resources the world has and will cavert
The Indians look down on Africa when their Hunger Index is worse than Africa, they think they're the Nuclear Vely Strong Super Powder of the World, some say the Universe. 😂😂
Even China have to respect the Africa a lot, they knew Africa are actually very big.
@@andrewlim7751 They don't look at themselves & their people or their place as a global power realistically, it's more wishful thinking.
@@andrewlim7751
Here you are comparing a continent with two different Asian countries.
Preety stupid.
And we aren't colonial mindset,
Don't compare us with europians.
All we have is our own, not a loot economy.
China worked heart and soul to reach this status after getting bankrupt after colonial loot.
We are rather bit slow, but we are growing Economy.
In terms of science and technology India is far ahead of African Countries.
China is ahead of us.
But both India and China has rich history.
We had our language and culture.
And we are oldest known civilization of the world.
We share a lot in history.
We had better relationships in past.
@@andrewlim7751hunger index and happiness index says Ukrainians are more happy than Indians, I trust these rank by random ngos😂
Few months back Palki was extolling the virtues of INR as future reserve currency and BRICS opening its own currency as Rival to the $$.Now reality has set in. INR is useless outside india , except in few places like UAE, Singapore, etc. Russia complained that it don’t warn Rupee for its oil. So Renimbi is the default currency for oil purchases from Russia. This makes india even more subject to Chinese currency manipulation. Also my question is how is india getting the yuans ? Only bright spot is that Indian refiners are getting windfall buying discounted Russian crude and selling diesel and refined products to Europe, making Ambanis rich. The arrangement suits US as cheap Russian oil keeps market stable while reducing revenues to Putin. Russia China can put a squeeze on india anytime.
But But But ......
Hindu ultra nationist told us they besties with Russia 😂😂😂
Good observation.
But using US $ or EURO may even riskier, you know how US and EU operate.
Spot on
@@waltershearls how are your soldiers...? Are they still suffering from pstd.. 😂
I mean so called superpower country got defeated by their own creation radical islamic Afghani Shepherds aka Taliban with outdated Russian Weapons & cowardly withdrew from Afghanistan Leaving behind Billions Dollar Worth Of Weapons and vehicles. 🤣
@regophil That's far from the truth, 65 different countries have sanctions on Russia. All we see online is Hindu virtual signaling about colonialism, but ignore what Russia is doing because it benefits them. India hasn't sent even a blanket to Ukraine.
It's an economical beneficiary for India to play both sides, but that could easily become negative as block trading alliances are formed. No one really trusts India, so Modi will get invited to the party but never to the backroom where deals are made.
Because Russia can't use the rupee to buy anything outside of India! Using the Yuan is fine, it works.
India is poor country 🌺 because 800 millions people are still getting Ration food @5 kg per month. People working as security guards, chaukidaars, peon, sweepers are getting 4 dollars per day….
Such a funny situation…
And these politicians are running a flag of richness…
Jai Hind
And you think these payments are happening without government knowledge and approval.
Even media play politics and propaganda. This is to prevent modi and jaishankar from public disappointment or backlash
I think it is good thing that, India is paying in Yuan. Because it will make Yuan costly and therefore Chinese imports costly, giving advantage to Indian manufacturing.
Wow, indians are very smart... well done
@@rajx7120 well on paper its good thing but remember we run trade deficits with even countries like Saudi and uae which produces nothing but oil
@@rajx7120 that allow the China to print more yuan, stupid.
Countries need US dollars in order to purchase oil (excluding Russia). Countries need Chinese Yuan in order to import Made in China. What do you think countries would do with rupiis? Buy curry powder from India? 😂
Curry taste better than noodles.
We are far older than China.
Our culture is much older.
Don't disrespect power of curry, it's liked with our Vedic age, saint's and knowledge.
There is a huge consumer goods and services exportable to Russia which is completely unexplored
@@meghnabandopadhyay8572 Yes, India is the best only in Indians' fantasy.
Countries DONT NEED US DOLLARS……. Pay attention
what would a chinese know if they use even youtube on VPN😂😂 learn about india outside of wechat🤣🤣 sorry for your dictator government.
If India doesn’t what to pay in yuan then pay in gold, simple
Correct. US/EU lacks the ability to sanction against the gold as it is the true universal currency. India got plenty of gold.
So the question is where does the gold come from? India's gold is purchased with foreign exchange reserves (US dollars). However, India is a country with a trade deficit, and consumption exceeds income. How to ensure the stock of gold is a big problem!
Yes
Palki is pissed about this news, so satisfying lol.
yes. lets celebrate yuan as world's next reserve currency. brics will like it. will usa like it?
India tried to complete with China for almost everything. But democracy deoes not mean India currency is more attractive. It is all about business benefit. Paying by China Yuan is not a shame but a good practice. India gets the cheap oil from Russia and Russia gets the money Yuan. Both should be happy. China is also happy to see its currenty more important in trades.
Funny thing is that India buys a lot of Russian oil in rupees, leaving Russia with tens of billions of Indian rupees in its hands. When Russia wanted to take those rupees to buy something produced in India, India refused to sell it. Hahahahaha, India has stomped on India's monetary credibility with this move, it's stupid. This is the reason why Russia will never accept Indian rupees again
@@warpeace9610really? It's so hilarious that I don't believe it. There surely must be a logical reason. Like currency stabilisation and being able to control money circulation
India thought it could play in the big boys club. Lol lol.
Many Indians think that if foreign factories were to move out of China, it would be the end of China as the manufacturing hub of world 😂 Sorry to disappoint y'all Indians, a decade ago foreign enterprises comprised up to 78% of Chinese exports. Today, that figure is just 11%! Meaning: Chinese exports are now mostly done by Chinese factories 😂
We don't think much about China.
We just focus on our own.
@@meghnabandopadhyay8572yeah right. 😅.
😂😂a dying 🦎 lizard
@@meghnabandopadhyay8572irony left the chat😊
@@meghnabandopadhyay8572 I think as an individual you don't think much about China but, this news Channel never misses a day without talking about China....
Doing business is a willing seller and willing buyer arrangement. If Russia wants to sell their cheap Russian oil to India and in return require yuan payments so that it can buy all sorts of Chinese manufactured products, then India has a choice of whether to agree to this arrangement or not. If India doesn't agree ( not a willing buyer) then no trade takes place. It is that simple to understand.
Funny thing is that India buys a lot of Russian oil in rupees, leaving Russia with tens of billions of Indian rupees in its hands. When Russia wanted to take those rupees to buy something produced in India, India refused to sell it. Hahahahaha, India has stomped on India's monetary credibility with this move, it's so stupid
It's a notch more complicated than a willing seller and willing buyer when it comes in dealing with Indians; the problem is they want them all.
I have nothing but huge respect for the amazing work of Dr. Shashi Tharoor's captivating book, *How British looted 45 trillion from India* which unquestionably stands as a masterpiece of the highest quality. The content of the book is truly awe-inspiring, and I thoroughly enjoyed reading it. The dedication and hard work poured into the book are greatly appreciated by many. Additionally, the 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," which is equally astounding. The commission consistently produces insightful and thought-provoking articles of the utmost caliber, and I sincerely hope they continue to produce such exceptional work
I am really impressed by their achievements in the last 23 years. *Compare to my India*
*Wealth*
China: 120 Trillion India: Less than 2 Trillion
*Economy/GDP*
China: 19.91 Trillion India: 3.53 Trillion
*Rocket launches 2021*
China: 56 India: 2
*IQ*
China: 104 India: 82
*Olympics Gold Medal 2021*
China: 38 India: 1
*Reserves*
China: 3,306 Billion India: 577 Billion
*Numbers of Companies in the Fortune 500*
China: 144 India: 7
*Rovers on Mars* China: Yes India: No
*Rovers on the Moon* China: Yes India: No
*Humans in space* China: Yes India: No
*Space station orbiting above us right this moment* China: Yes India: No
Reference:
FirstPost : China overtakes US to become world's richest nation as global wealth triples in last two decades
Wion - At $514 trillion, China overtakes US in terms of amassing the biggest net worth
Indiatoday - China overtakes US as world’s richest nation
Tribuneindia - China overtakes US as world’s richest country
Businessinsider india - China overtakes US as the richest country in the world
Thequint - China Overtakes US as the World's Richest Nation
Hindustantimes - China overtakes US to grab top spot in list of richest countries
Indiatimes - Global wealth surges as China overtakes US to grab top spot
NDTV - China Is Now World's Richest Nation, Ahead Of US
NewsX - China Overtakes US As World's Richest Nation
India - China Becomes Richest Country In The World, Overtakes US To Grab The Top Spot
Timesofindia - Global wealth surges as China overtakes US to grab top spot
Newindianexpress - China overtakes US as richest country in the world
Oneindia - China overtakes US as the richest country in the world
News18 - चीन बना दुनिया का सबसे अमीर देश, अमेरिका को किया पीछे
Aajtak - छिन गया America से ताज, अब China दुनिया का सबसे अमीर देश!
Zeenews - Worlds Richest Country: America पीछे... China बना दुनिया का सबसे अमीर देश
TV9 Hindi - अमेरिका को पछाड़कर चीन बना दुनिया का सबसे अमीर देश, 20 साल में बनाई इतनी संपत्ति
Newsleadindia - चीन ने अमेरिका को पछाड़ा दुनिया का सबसे अमीर देश
List of countries by GDP (nominal)
Medal Tally | Tokyo Olympics 2021
List of countries by FOREX reserves
Fortune Global 500 2021 | Full list of ranking
Spaceflights in 2021
Average IQ by Country 2022
*American News*
BIoomberg - Global Wealth Surges as China Overtakes US to Grab Top Spot
Yahoo Finance - Global wealth surges as China overtakes US to grab top spot
*Japanese News*
Nikkei - China overtakes U.S. in national net worth to grab top spot
*UK News*
Dailymail - Global wealth trebles in last 20 years as China overtakes US with the highest net worth - accounting for a third of world's growth
Hi Dr Sashi Tharoor's Daughter!
India should be happy we gave them tea out of all this. What about cricket as well. Now you get to enjoy cricket.
@@BrentShawn73 Excuse me! What is cricket?
1 You gotta stop for a minute and acknowledge how weak India is. Over a billion of them couldn't even stop 1,000 British saiIors from completely taking over every inch of their Iand for 200+ years. Malnorished them, made them sIaves, took 45 trillion and 1.8 billion of them were massacred & raped in the process
It's the option of BRICS currency, if one has excess amount they can opt for others so the balance is there. For e.g. if there is excess yuan with Russia they can trade with rupee, if both currency are in excess reserve they can trade with SA currency. So it's more like a currency circulation within the BRICS nation to keep the balance of power.
Yeah if you have bricks for brains😅
the russians have too much rupees dont know what to do with them
They can invest in Indian startups without a formal trade deal to use the money. If they still ask what would they do with INR, russia is at its end. americans will definately end them.
@@jituladhikary2227 Indian startups = 90% immediately lost as corruption/bribes + 10% stolen by CEO...😂
Problem is no major Indian company like tata or Mahindra is willing to export to Russia for fear of usa sanctions on their global operations
@@jituladhikary2227 our startups are pretty mediocore very few indian companies are in fortune 500 we only mock china but they have 78 companies in global 500
India is always gonna be a doormat for these countries 😅😅😅😅 ouch
Beca7se of their temper
Saying doormat themselves 😂😂
Zerenziky joining NATO was not his plan but it was the plan of the Americans. Zerenziky was given the presidency of Ukraine by the United States on the condition that Ukraine joins Nato, that's why the United States is fighting so much with this war because it concerns him. Before Zerenziky there was a President who was overthrown, the coup was planned and carried out by the Americans and then they put their puppet Zerenziky on the condition that it joins Nato. So Zerenziky was given the presidency of Ukraine as mercenaries of the United States. America is very involved in all the revolutions taking place in the world. supported by their media.
How demonetization destabilized the Indian economy and its middle class... now, the ban of Rs.2000... And Palki has well spoken in WION about India's extensive dependence of the import of Chinese goods.....
Modi: Let's settle oil in rupees?
Putin: Come on, we don't take butt wipes🤣🤣🤣
The China's Yuan expansion with more & more countries using/tradings with Yuan is definitely better for the world and humanity. It is fairer and more equitable with more choices; a truer freedom of choice, democracy, etc..!
If Russia could face this problem of not knowing what to do with its stockpile of useless Indian rupiis, other countries would too. How on earth will India be able to turn the rupiis as an international currency? 😂
India trade with alot of countries.....they could negotiate to do trade with both local currencies
INR can employ 1,42 billion people. for the sake of understanding.. why would India do trade in yuan when there is a choice of dollar?🤣😂 Idiot
Most important, no country want to be next Pakistan and Sri Lanka with debt games that China has been playing. Further, no one wants to go against NATO countries who are trade partners of these countries. If there's a war with the US or other NATO country, their money in Yuan will be frozen for no mistakes of theirs. Nobody wants to take a risk that can hamper their economic stability. Fortunately, that's not the case with Indian rupees. Further, India held 65% export trade for a long time, and matter of time, where India can reach again without polluting and climate change effects that are common in China.
@@hemantpanchpor And you think US and NATO dare to go to a war with China? Despite how weak economically Russia is US never dare to go to a war with Russia. There are a few countries that US and NATO never dare to go to a war with unless they are under attack. These countries are Russia, China and India. India without pollution? India is now more polluted than China. 19 of world's most polluted cities are found in India.
Foreign companies money is not safe in India, judging from what India done to foreign companies who cant even pay Royalty fees to an American company, or transfer any of their money out of India to even make a payment.
What India is participating in is an emerging form of 'currency multipolarity', this being much more than the dilution of the US dollar's footprint. It is about a new architecture of cross-border value flows anchored by data systems in which participating nations can have more confidence and which better integrates the expanding infrastructure of transportation and logistics, with the digital ecosystems of standards, blockchains, big data computation and automation. Currency multipolarity and digitalisation go hand in hand and China is a leader in the development of digital currencies.
Funny thing is that India buys a lot of Russian oil in rupees, leaving Russia with tens of billions of Indian rupees in its hands. When Russia wanted to take those rupees to buy something produced in India, India refused to sell it. Hahahahaha, India has stomped on India's monetary credibility with this move, it's so stupid
Funny thing is that India buys a lot of Russian oil in rupees, leaving Russia with tens of billions of Indian rupees in its hands. When Russia wanted to take those rupees to buy something produced in India, India refused to sell it. Hahahahaha, India has stomped on India's monetary credibility with this move, it's so stupid
The only thing Russia can buy with rupee is curry.
Hmmm ..... If you look at the value of the indian rupee over the last year, since dropping US dollar, its has risen significantly against both the ruble and the yuan. So maybe , just maybe ..... Everyone else in the world knows something that the USA is trying hide ?? 😊
That’s humiliating for India, no sugarcoating!
This is not humiliation, just a wise business decision.
Facts.
@@Grace-bk4tqlies. Just business as usual.
@@regophilgalwan soldiers who died in clash???
@@vinukaushik29may how many Indians died under British rule? most Indians don't seem to care at all for some reason
Russia is building its reserves to fight Ukraine. Russia is also holding the yuan to build its infrastructure. BRICS is becoming increasingly powerful on the world stage. MOTHER RUSSIA RISING
We Indians should support the yuan strongly against the dollar.
China's total exports/imports 2022 = $6.71 trillion dollars
India's GDP 2022 = $3.4 trillion
We don't compare, you are the one is is considered about our economy
this is his the eighth comment clearly chinese propaganda bot
Politicians in most so-called democratic countries do more politicking than actual work. On the other hand, China efficiently walks the talk.
When reality hits the ground, emotions overflow.
The main agenda of the U.S is that no superpower should emerge from Asia or Africa.
It's better for India and China to solve their geopolitical differences and work together as a united force. Emotions won't add a thing of value.
How can you compare China a developing country to the Nuclear Vely Strong Super Powder of the World INDIA? Some say the Universe. 😂😂
The solution is simple. Just cut back the Russia oil consumption to the level before the Rupee/Ruble direct trade agreement. The reason Russia runs a huge surplus of Rupee is that India takes full advantage of the agreement to boost it oil refinery industry by import 3-4 times as much oil from Russia as they used to. That may be the reason for the first time India GDP suppress UK in 2022 although India will eventually suppress UK in the long run but the sudden jump of oil refinery income certainly speed it up. It is all driven by greed.
You only tell half of the story India made huge amount of money by reselling the oil to mainly Europe
@@Tampin111 Well said. India willing to swallow the pride and use yuan is because there are huge profits to be made from reselling to Europeans.
India economy changes very little as compared to pre-pandemic, the multi-fold import increases are meant to buy low and sell high.
Burnol moment for burnol moment for palki Sharma 😂😂😂
Why it can't be with Rupee?? Take a wild guess.
There's nothing to explain about this. What is Russia doing with rupees? Buy cow manure?
This is a major setback to India. It shows how weak Rupee is, in the face of the euphoria that Rupee is going to replace US$! In the face of the currency war against US$, this minor skirmish will blot out the big picture.
Russia isn't (simply unable to) buy goods from India. It is a flaw in the trade between the two. All the same, it is the Russia-PRC trade that comes to the fore, even though "through India"! India needs to re-think her strategy that needs to be wholly recast.
India is poised to export her agricultural produce (only the so-called third world countries) only in a big way, that will fetch less in comparison to engineering good & such. It reminds me of the words of Kota Harinarayana, father of "Tejas" aircraft. He said in a lecture, "one Tejas will bring us as much foreign currency as a hundred thousand tons of Basmati rice" !
It seems Indian planners are blind to this lacuna. Or India needs to charge high for her agricultural products that none would pay.
There is a drummed up crescendo of India's successful export drive, labeling it as an achievement that is totally unwarranted. Nobody in the world is prepared to import important engineering stuff form India. What India needs to know in this respect is that her goods lack the Technology demanded. Among major countries, India stands Technologically poor, by far. That she needs to know & then only she 'd be in a position to correct (you should know what to "correct", no?)
Funny thing is that India buys a lot of Russian oil in rupees, leaving Russia with tens of billions of Indian rupees in its hands. When Russia wanted to take those rupees to buy something produced in India, India refused to sell it. Hahahahaha, India has stomped on India's monetary credibility with this move, it's stupid. This is the reason why Russia will never accept Indian rupees again
@@warpeace9610
This seems to be the real problem, kept away from public view. India, in her selfishness (to replace US$ with Rupee) is ditching her friend. India must do something to correct the situation. Rupee is yet to become strong (it is still a long way) to replace US$. Do something about it.
When there's a train accident in Taiwan, Chinese mainlanders and Chinese people all over the world would feel sad. Because they all felt a deep rooted bond to the Chinese people of Taiwan, as if they're all one of a kind. When there's a train accident in Odisha, Indians from other states do not have the same feelings. Because "Indian" is not a race, it's just a geographical expression
Wise Guy....go back to your NOODLES !!
Jealous of Indian democracy?
Heavens forbid, given the quality of Chinese products, if there is train accident in China, it would be impossible to clear the wreckage and identify the dead.😮😮😮😮
@@shreevedaDemocracy where 30million are beggars😅😅.. what is democracy if you can not afford food on your table .
Poombai is done
Now, Indians has to swallow the bitter truth that Chinese RMB is much superior than Indian Rupees.
Ma'am, you are a Journalist not a spokesperson of Modi so do your job and don't bring your emotions into it.
I Love the way how India always does what is best for India despite of western pressure... We are doing the same thing Here in South Africa... Narendra Modi we look up to you as the strong leader that you are... Love to India all the way From South bAfrica
Modi, the butcher of Gujrat, MUST BE CONVICTED FOR GENOCIDE AND CRIMES AGAINST HUMANITY
You can’t even turn on your electricity at night.. and expect to compete with the West what does SA have ?
This is temporary and this too shall change. That's what history has taught us. Nothing is permanent. We just do our work, live and leave a better world for those coming behind us that is the best we can do.
How long? Next 10000 years?
@@directorofficer8565 read history books and you will figure it out. It will be much shorter given the information technology available to everyone. It does not take much time these days to turn things around in 10-15 years time. That's why some want wars to destroy that rise of others and keep them down. Pure hatred in their hearts.
Thats what china is doing. But the west wants to block progression for their own hegemony
From Wion to FirstPost, Palki Sharma's hatred of china never ceases to amaze me. Im just an African with popcorns in the comment section witnessing the Kumars and Rajas vs the Wang and Lee fighting and spicing it out😅
Hate and nationalism can drive enough web traffic
So much hype about Rupee - Rubel trade. Looks like even Russians don't want Rupee.
A difficult process but a good start. Not only for India but the WHOLE Global south. Keep going India. Still we rise.
This is when Palki realizes she should stop blabbering about de-dollarization
Why?..
USD is diminishing and even the Federal Reserves of US knows it.
This people don't know how powerful is America
@@lazaropeedro8881 there is no country powerful enough to control other countries. US is not as powerful as it before
@krishnakumarramamurthy1485 Why is it because of similar outlets to this one told you so?
Or will ignore that dollar settlements have gone up this year? Will you ignore that Renminbi, Rupee and Ruble have lost value against the dollar over the past year?
Let's ignore 10 other things that that says otherwise so you can feel better.
What we produce? Nothing except population!
.....and especially extreme poverty and crimes.
Indian need to reduce too much pride. Indian was using dollar for so long no complain. nobody wants to buy Indian rupees. yuan can buy so many things it's simple math
It could have happened long ago but corruption hindered manufacturing capabilities of India
Why oh why do the Chinese continue to make Palki angry? 😞😎
Because she keep on talking without facts
Very precise, accurate and factual analysis
Compliments for the good work!
Russia has a lot of Indian Rupee from oil trade. But India does not allow Russia to buy Indian goods with Indian Rupee. So Russia has billions of Indian cash like waste paper.
The bad faith displayed by the Indians are unbelievable... the rupees won't ever leave India 😂
I believe there is no reason to be concerned and alarmed by India.
Because your analysis shows that India is making concerted efforts to balance its trade with Russia.
It has identified the problem and the concerns of Russia. And Indian authorities are not irresponsible and irrational.
Because trade and international relations are intertwined, and India is very much aware of this delicate balance.
Mrs.. Palki will keep reading anything as long as her paycheck keeps flowing 🙌😆🤣
Sometimes even the viewers confuse which side she is actually in 😆
India is the greatest in all aspects.
For me, Indian should cooperate with China for global peace. At least China is not a warlike people; China has never invaded any country, nor taken any race into slavery. Secondly China & Indian have suffered Western imperialists invasions and disturbances.
They're 2 competitive but aren't hard-working enough cos they believe in their supervisor intellect.
china is invading and threatening the entire south china sea and the countries in it. what are you talking about
I definitely agreed with you 100%.
China will invade Taiwan soon 😂
Then they has plan so invade us.
Thus , their comments are so bossy
@@meghnabandopadhyay8572 Taiwan has been China's territory since ancient times, and all countries that have established diplomatic relations with China are carried out under this framework, this is the premise and the bottom line, please don't say such ignorant words again, perhaps the summer worm can not be said ice
It sound like BRICS is going according to plan😂😂😂😂😂
India should start looking for other options for energy sources like solar and wind and try to reduce dependence on oil.
We actually doing it.
Well, China is the largest supplier of solar energy and wind energy, monopolizing 80% of the equipment in the world.😂
I think finally we will pay in gold instead of ruble to import oil from russia..
Admirable will in India for maintaining sovereignty against the struggle between global powers. Something smaller Nations could learn from. Sadly for many, colonization is complete deep down into their mentalities, despite world history declaring that "the colonial age is over". Looking at you Philippines and Japan.
Japanese yen is a generally accepted internationally currency.
India currency is hopeless what can u buy rupees.
Curry? Cow dung? Cow peiss?
Every country has freedom to choose exchanging currency . 🤔-bmd
Proud of India make China stronger! Chinese citizens should vote for Modi for supporting Chinese Yuan!
Focus on Indian defence development .. bring it to 100% self reliable... down the line 🇮🇳 should be independent friend .. also support research in big way...
Start trading using gold and silver. It is real money.
Failed bricks currency. Economic imbalances will be a great challenge . Russia was aiming to establish new oil gas currency😂
And they chose the Chinese Yuan. what can you buy with INDIAN rupee? kudak sh!thole1739.
It makes sense for India to diversify into CNY and away from USD
Become China slave😂😂😂
It is funny how she Ensures that India looks good 😅
Just aglossy coating
Why can't do it in Gold so that no harm for anyone.
Gold price will get pumped up ?
First post is behaving as if we were making all payments in INR till now. Yuan is replacing USD, what's the problem. We never had issue with USD, why make fuss about Yuan.
Because it's China, China, China. We would kneel to the white men, but we can't lose to the Chinese. Never!
Because even Indiaans themselves also don't want rupless
SIMPLE. The use of dollars to buy energy turned out to be very risky since last year.
And they can't buy anything with rupee in hand.
The dollar will always remain as the strongest currency in the world
They are just creating fear to fit in
@@dogonoor8214 There is no such thing as "always" in this universe. Less than 100 years of dollar hegemony is nothing in human history.
Why doesn't India simply stop trading with Russia? Not fit company for the world's biggest democracy.