Our economy or global economy pressure – Its our rupee which is getting devalued or its the other currencies who are getting powerful.
Despite of government efforts in improving economy and showcasing the GDP data of more than 8% still Rupee Hits All time Low.
Implications of devalued Rupee have to borne by everyone. This is not limited to only people who are involved in the business of imports – but despite whole economy has to suffer.
Petrol/Diesel and Gas prices might increase and with the increase prices to petrol will eventually affect all the related commodities and businesses.
Government had reduced GST which was indeed benefiting to few sectors such as auto industry and Electronics and this boosted the economy further but since Rupee is hitting new lows so we have to pay higher cost to get the spares involved in making of all these.
In conclusion; we might expect some tough days coming ahead and also keeping our hope for a better India and better economy.
Leave a Reply