红火树 RedFireTree
Hindustan Times
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Comments by "红火树 RedFireTree" (@firetree2007) on "'When Modi said Indian Rupee is in ICU...': Nirmala Sitharaman rips Cong in Parliament | Watch" video.
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currency devalue is not always a bad thing, especially for a country with huge export in trading, that means, your goods are cheap, easier to sell make money, that was the situation in 1980s Japanese ren to $, huge trade surplus for Japan, with JP TV, cars, cameras.............in US, US sent delegates to JP , had famous square meeting, push Japan ren to rise value, Japan agreed, huge goods export to US stopped, then Korean goods and Chinese goods replaced Japanese goods, Japan's whole economy stopped growth for 30 years. will never be recovered like before. the chance lost forever.
India is different, it has huge trading deficit, so with rupee devalue only means it needs to spend more money on importing goods, mainly from China and thank you.
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