Posts

Showing posts with the label Economy

What are the biggest mistakes India has made in the last 10 years in the economy sector?

Image
It is not just ten years the mistakes have been happening for the past forty years. First mistake , to have defeated the Jana-Ta Government in three years and reelected the Congress in 1980. Fortunately, in 1984 Rajiv came to power, but unfortunately he was defeated in 1989 when the incompetent janaTaDaL came to power,  the second mistake . Unfortunately, the highly capable Rajiv died in 1991. But India was lucky to get Narasimha rao, who started the reforms, but he was defeated in 1996, the  third mistake .

How do I deal with too much competition in the freelance industry?

Image
Building communication with your clients , try to talk to your clients more like a friends, don't make them hesitate to tell you about any edits they want on the project, they need to trust you because if they didn't guess what they will be one time clients Also you need to be unique from your competitors, think as if you are the client how you will choose the right person for the job Be good at what you do and don't forget to market your services and be patient because it's not going to come overnight or even a week, you need to be consistent

Can printing money pull India and get out of this recession

Image
1. Printing more money will tend to decrease the purchasing power of Rupee. 2.Circulation of Rupee from RBI to banks to people will be more easy. People will have more money in their pocket. 3.Just imagine even a daily wage worker will have good amount of Rupee due to this circulation and he will think that “Now I don't have to work anymore” 4.That tends to decrease the supply of many products which latter will increase the cost of that product,rising the inflation. 5.At some point of time you will become millionaire but even with that much amount you will not be able to buy anything. I think that printing more money might not be

Even during a pandemic, how does the dollar dominate other currencies?

Image
Dollar will grow in value specially in stress. When businesses are doing great in the rest of the world the money follows. When it's gloomy else where the money goes back to USD. Right now, you don't want to stay invested in equities, do you. Do you find debt safe? No. Are you happy with keeping your money in banks? I don't think so. The safest asset class is Government Securities in India. They will give you a return of 6.2%. But can you really trust the government of India when it has stopped getting Rs 1 lakh crores from GST every month? There is one supreme asset class and that is US Government Sovereign Bonds. They currently give you a return of 0.64%. This is why USD is so much in demand.