Saturday, 2 March 2013
Working In India Post 2014
Working In India, A right decision ?
Few years back, I received a forward mail about futuristic value of Indian Rupee Vs American Dollar. It described various possible situations, If 1 INR is equal to 45 USD.
Today morning, I woke up with a sudden thought. India is playing this game differently, Our Economic think tanks have pre analyzed various possible scenarios that could arise out of liberalizing our country's economy.
If that is the case,
1. Inflation happening in our country is pre programmed. And subsidized diesel is not just to help common people, but an indirect way to control inflation.
2. Successive governments will have to play the role of Robin hood through freebies. And indirectly help in increasing the labour cost [thus inflating the price].
3. Middle Class/Lower Middle class will be caught on the neck [due to their own pride of doing dignified job] and will be forced to work hard to cope with the inflation. Which means Quality working slaves, who will sacrifice their own life for the sake of nation.
4. In 1991, Prices of Various Commodities, Dollars & PCI
INR 14.62 - 1 lt petrol [Import based]
INR 10.00 - 1 Kg of good quality rice [Domestic production]
INR 17.86 - 1 USD
INR 11,586 - Average Annual Per capita Income.
The same in 2013,
INR 78.54 - 1 lt petrol
INR 55.00 - 1 Kg of good quality rice
INR 55.46 - 1 USD
INR 68,747 - Average Annual Per capita Income.
Observing the above trend, we can conclude India is devaluating its currency indirectly for better interests in global market. To keep people insulated from the shock of this devaluation, efforts are being taken to ensure sufficient cash flow at all levels of society.
Okay in simple words, While the attention will be towards keeping 1 USD = 50 - 55 INR, Domestically 100 INR is becoming 10 INR of 1991. Which means 1 USD = 5.5 INR presently & will keep further decreasing.
In future working in India will be more economical & beneficial to individuals except minus like polluted, corrupted, So called Indian jealous attitude, lack of sufficient infra structure environment. But I promise, we are improving in these areas too.
Welcome to India.
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