Comments by "Sankalp" (@sankalp6872) on "Should we worry over Rupee depreciation, and do strong u0026 weak currencies define national pride" video.

The very fact that you used the ECONOMICS course to cover your rent indicates that you know a lot about economics. Now, I have to pay my fees in DOLLARS so I am NOT AT all happy about Rupee weakening. However, I do think that the Russia-Ukraine crisis won't last long and Rupee might bounce back a bit.
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I think the point Shekhar was making here was that Rupee SHOULD BE ALLOWED to find its market equilibrium rate and RBI should avoid paranoia-driven intervention (at least, for now). The crisis is driven by an external factor i.e. Ukraine-Russia war and the associated sanctions. Most experts (the sane kind NOT TV LOUDMOUTHS) believe that this crisis won't last long. The problem with "Sanctions" is that it's a sword that cuts both ways. Russia isn't the only one hurt. Europe and the US are bleeding hard too. Inflation there is smashing all records. Moreover, Biden has elections lined up. It's basically a CONTEST OF WHO BLINKS FIRST.
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@vandanaraoyalamanchi9813 Long comment nonetheless well articulated and informative. I am not discarding our achievement of the past 75 years. I am just pointing out the areas where we failed. The Idea of two India's isn't wrong. There is one India that got urbanized and left the stigma of caste discrimination behind. This India got malls, PVRs, and financial inclusion. The other India struggled for electrification, roads, and even hygenic sanitation. Fodder scam was worth 987 crores (in the 90s) in the poorest region of the country. Socialism found footing among the masses because it promised to address these "basic" needs instead its leaders were neck-deep in corruption and promoted Nepotism. It's good to see that many of these issues are getting addressed today. However, we must do more to uplift the poorest and streamline capitalism to the benefit of all. More jobs and economic participation is the ONLY WAY FORWARD.
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