India faces a fundamental economic challenge where the country consumes more dollars than it earns, requiring it to produce sufficient rupee-based goods and services to pay for its imports; this recurring crisis centers on the rupee-dollar relationship, and solutions include monetizing public sector undertakings through foreign investment and developing smart cities to attract foreign developers and generate employment.
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India’s Real Economic Challenge? Spending More Dollars Than It EarnsAjouté :
Opening message would be please don't chase pennies and miss the pounds.
All these ideas going on motorcycle going halfway cutting LRs all of this is not going to I mean it's like trying to move the elephants the real issue your that India faces and it has always faced is that we consume more dollars than we earn and then to to earn those dollars we have to produce enough in rupees to pay for that. This is every crisis in India on economic crisis is around the rupee and the dollar. So here are two things that I would say.
One, the government of India is sitting over about 15 or 20 lakh crores worth of uh PSU. Bundle them, put them up, list them, >> get foreign investors to get interested.
Second, the monetization of real real estate and infra assets hasn't gone anywhere.
Mimala Sithar Raman the finance minister mentioned that they going put a list of 16.72 lakh crores why not ask these all these to be put into a fund listed in India list it abroad get the dollars third India needs uh townships India needs new city why not ask foreign developers to come and set up 100 townships in India solar powered Wi-Fi powered name it smart city whatever the hell you want to call it and those dollars see India needs houses India needs dollars India needs mass employment
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