FOR CONVERSATIONAL| Part 01

The following is just my opinion and there may be some mistakes. I like to invite you for your conversational and critical comments

We have seen an increase in the value of the US dollar against the rupee in recent times. Restrictions on imports, including vehicles, have kept it at a constant level, but it is still significantly higher.

Borrowing for the development of a country is acceptable. But there are more things to be considered when we use those loans. We have to find exactly what we need. Or we will not be able to get real development except for the fake development that appears on the outside. My opinion is that there should be some additional investment plan with the development work. When increasing the amount of debt that we borrow, the higher the value of the installments to be paid. But there is no way to increase gross domestic product. Then there is always a surplus left to pay. It strongly affects the economy of the country. Because of we have to borrow more to pay off the debt.

And for example, suppose we borrow $ 1,000 when the dollar is worth 100 rupees. Then the amount to be paid is 100000 rupees. But when the dollar price is 200 rupees, the amount to be paid is 200000. Then the amount we have to pay is doubled. In my opinion, as the value of the dollar rises, so rise the values of our previous loans. Even if the value of a dollar increases by one rupee, when billions of dollars are borrowed, the over payment is in the billions of rupees.

There are enough educated intellectuals in our country. To restore the floating rupee, it is necessary to formulate a program to invest that intelligence and knowledge. It is the responsibility of the government.

Thank you. Expect the part 02