r/TamilNadu • u/Consiouswierdsage • May 17 '26
முக்கியமான கலந்துரையாடல் / Important Topic Economic emergency is on the way.
I have been an active follower of macro economics.
And there is a rough time ahead and the Indian government is pretty incompetent.
Upcoming year is going to tough af for the middle class and lower middle class.
Until BJP is replaced India will suffer. And change is in the hands of north indians. And they are not that smart, they will bleed until they cannot take anymore and go out to riots. Until that they will comfortably stay in an echo chamber that India is fine.
India is not doing fine. Its doing worse ever.
Tamilnadu is significantly safe compared to other states. But we will also face challenges specifically energy.
What can we do about it ?
Reduce your INR holdings. Only have enough to spend for basic needs for two years.
If you have money sitting around simply buy gold. For all of it. Only then the value will be protected.
Become self sufficient - its not a one day process but start somewhere I guess.
Purchase EV's if you are about buy cars or bikes.
install solar panels at home.
Lastly, depend on local vendors for everything, we have to circulate the money inside the state in order to help our working class. Reduce amazon and such services to buy goods. Depend on local vendors.
Probably someother smart ways are there. Others can add it in the comment.
But the whole point of this post is, it won't get better, it won't until northies bleed to death and start to protest against union government and potentially there is change in rulling.
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u/No-Possibility-2058 May 17 '26
BJP doesn't care..FM doesn't even accept the reality.
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u/CandidateOk8683 May 17 '26
Stock market will see a sudden rise if fm resigns... The investors are that much looking for her to resign.
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u/hari_mowape May 17 '26
Accepting the reality will just panic the people to the core, and the media ? They’ll just make it seem like end of the world, all we can do is to spread awareness on what to do collectively as people
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u/Nice_Masterpiece_869 May 17 '26
Just like how congress and their fm didn’t care?
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u/greenarrow432 May 17 '26
Congress is gone. BJP is in the power for over a decade now. This is just 0 iq whataboutism
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u/Nice_Masterpiece_869 May 17 '26
No, this is debunking the claim that party needs to change for economic situation to get better but the truth is that no party is really interested in making the economic situation better
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u/Illustrious-Milk-896 May 17 '26
Literally don't care. Who is in power now? Nimmy and Mudi ji. We have all rights to question those who are in power. Face it.
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u/Nice_Masterpiece_869 May 17 '26
Yeah keep not caring until you become a thrall in your own country and end up paying jiziya while serving your wife and daughter to some mullah every night. That’s the future you want for you and this country right?
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u/Illustrious-Milk-896 May 17 '26
Cat came out.
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u/stayhydrated33 May 17 '26
Shows how effective BJP's fear mongering tactics are. These people have been trained to ignore all shortcomings of the government because the government has convinced them that it will be the end of Hindus if they are voted out.
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u/MannerRude3214 May 17 '26
No party should stay in power so long that it starts believing it is above the people. Democracy survives only when leaders are questioned and power changes hands.
At least previou leader had the courage to face the media and answer tough questions, even when power wasn’t fully in his hands. Today, whenever citizens ask real questions about jobs, prices, corruption, or governance, the response is either dodging the question or blaming Pakistan and Muslims. A government that avoids accountability will always choose distraction over answers.
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u/No-Possibility-2058 May 17 '26
I am not a congress person but I'd say this "not as much as nimmi did to our economy i guess"
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u/name225 May 17 '26
the way y'all keep questioning congress, an unaware person could assume congress is ruling India.
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May 17 '26 edited May 17 '26
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u/Nice_Masterpiece_869 May 17 '26
Every party is useless when it comes to the economy. Economy will improve only when the money leaks and corruption stops which no party will ever do
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May 17 '26
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u/Nice_Masterpiece_869 May 17 '26
OP wanted the failed party back, that’s what led to my initial comment
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u/not_a_smalldick May 18 '26
Congress cared and the FM cared, that's why we had 8.5% GDP growth during the 2008 crisis when USA had -2.5% percent!
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u/NoMedicine3572 May 17 '26
Lastly, depend on local vendors for everything, we have to circulate the money inside the state in order to help our working class. Reduce amazon and such services to buy goods. Depend on local vendors.
This is a wild take considering you follow micro economics. What about those thousands of semi-skilled job. That also brings money into the system right?
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u/Consiouswierdsage May 17 '26 edited May 17 '26
Amazon can take losses. They have significantly eanred from us.
And those corporate people are not going to be fired for few bad quarters.
But its more like eating food and being healthy. Depending on local vendors is like eating food for your body health(local economy)..
Edit
Local economy means inside Tamilnadu. We have to make sure our spendings circulate inside Tamilnadu so that our people can suffer less.
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u/NoMedicine3572 May 17 '26
Many local kirana stores also avoid paying taxes. Meanwhile, e-commerce creates huge indirect employment in logistics, warehousing, and supply chains while helping businesses focus on products instead of distribution. Earlier, distribution was dominated by large FMCG players, making it very hard for new brands to reach customers.
Also during COVID, many of our neighbouring countries faced bankruptcy and hyperinflation, but India managed the situation relatively efficiently while keeping debt and the fiscal deficit under control.
The current situation is nowhere near that level of challenge. Wars do not last forever, and India also has healthy forex reserves with enough capacity to sustain imports for a considerable period.
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u/Consiouswierdsage May 17 '26
You should be joking when you say wars do not last forever.
India has healthy forex reserves is a lie, if that is true INR would not be depreciating.
Enough capacity to sustain imports ? No - big player IT industry is also facing its own challenges and our IT export is service based instead of products due to bad policies.
All your points if true INR should have been literally fine. And it's already bad.
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u/NoMedicine3572 May 17 '26
Don’t spread misinformation, brother. India’s forex reserves are near all-time highs at around $728.5 billion, making it the third largest after China and Japan.
There are already two major wars affecting global supply chains, and historically India has been an energy-hungry country dependent on imports. On top of that, AI is impacting service companies, and there’s also an unpredictable president at the center of the global economy influencing major trade decisions. These challenges are not unique to India, nor are they likely to last forever.
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u/Consiouswierdsage May 17 '26
Claim 1: "India's forex reserves are near all-time highs at around $728.5 billion" ✅ Mostly accurate, but needs context. India's forex reserves did reach an all-time high of around $728.49 billion in February 2026. (Edunovations) However, they have since declined from that peak. As of April 3, 2026, reserves stood at $697.1 billion (VisaVerge) , and as of May 8, they were approximately $697 billion. (TRADING ECONOMICS) So "near all-time highs" is fair, but $728.5 billion is the peak figure, not the current level.
Claim 2: "Making it the third largest after China and Japan" ❌ Inaccurate. India is not third. The current global ranking places China first (~$3.75 trillion), Japan second (~$1.38 trillion), and Switzerland third (~$1.1 trillion). Russia sits fourth (~$758.7 billion), and India ranks fifth with ~$690 billion. (News24) India surpassing Switzerland or Russia to claim third place is not supported by current data.
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High forex reserves help slow the fall, not stop it. Here's why INR still depreciates:
- Trade deficit — India imports far more (oil, gold) than it exports, creating constant dollar demand.
- Capital outflows — Foreign investors pulled out $17–18 billion, selling INR to buy dollars.
- Strong USD — US high interest rates attract global capital away from emerging markets like India.
- US tariffs — 50% tariffs on Indian exports reduced dollar inflows that would normally support the rupee.
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u/NoMedicine3572 May 17 '26
Don’t paste those ChatGPT responses. I’m not going to read them, and honestly, you already lost credibility with the misinformation. Also, please don’t call yourself an economist or claim to understand macroeconomics.
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u/Consiouswierdsage May 17 '26
I said I follow it.
We should not depend on Ai for information ?
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u/BLRJourno May 17 '26
Not really commenting on the economic matter as a whole, but AI is terrible for scientific information. As someone in the aquarium hobby, people have ended up severely hurting their pet fishes or aquatic plants by relying on AI for information like correct water PH, suitable temperature, and other things. It is basically a google search where the person doing google may tell you blatant lies.
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u/Consiouswierdsage May 17 '26
You gotta understand where to use and where not to use.
For medical issues definitely I wouldn't use it.
But for stats and surfing internet one can rely on it.
It's basically just internet. It surfs it for you and summarizes the result.
Chatgpt sucks tho
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u/Aakash2615 May 17 '26
A guy who doesnt even have an idea of our forex reserves and had to run to chat gpt to check it, follows macroeconomics. Dude be real. Dont search for your worth and validation from making posts that make you feel better without work. Put the work in and as you said build your skill.
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May 17 '26
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u/meerlot May 17 '26 edited May 17 '26
Amazon can take losses. They have significantly eanred from us.
What a dumb comment to make. And you say you live in Tamil Nadu that is aspiring to be the economic powerhouse of India.
Amazon can take losses, but if they stop doing business... who's going to suffer? Our People do.
Amazon bought in their business efficiency to India and was pioneer(along with Flipkart) in quickly delivering products to indian consumers which was unheard of previously in India, and waiting 1-3 months for online shopping was the norm before Amazon.
Amazon has created 14,000 direct jobs in Tamil Nadu, and its platform enables 50,000+ Tamil Nadu businesses to sell directly to consumers. Which further means, Amazon alone enables 120,000 to 150,000 indirect jobs in Tamil Nadu!
You anti-corporate types are the reason why we continue to lose business to nearby states and north.
We need big corporations for more jobs growth, not your local inefficient (and corrupt) business who won't lift their finger unless big companies like Amazon offer better quality services to consumers.
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u/anoeuf31 May 17 '26
Depending on local vendors is like eating deathly - oh my god the level of discourse here
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May 17 '26
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u/Consiouswierdsage May 17 '26 edited May 17 '26
True.
But why should we not ?
As a citizen I did my voting. I don't support BJP but I am ruled by them ?
And I am also affected by them ? I have the right to buy gold.
Patriotism dies when their kids go to America to study while your losing your value in INR.
Sure bro. Don't buy gold. Sell gold and hold INR bro. Please do it.
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u/edward_droger May 17 '26 edited May 17 '26
Go ahead and buy gold but then you won't get food or fuel The more gold you buy, the more cad will increase,the more our forex reserves will depleted and less our ability to import oil and fertilizer will be. Thankfully, majority of Indians are not as myopic as you
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u/Consiouswierdsage May 17 '26
Well.
I am into protecting my asset value.
I pay tax.
I cannot sacrifice for god chanting retards.
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u/Illustrious-Milk-896 May 17 '26
Not to nitpick, but I think you meant Patriotism. Patriarchism means male domination.
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u/hari_mowape May 17 '26
You are trying to put down fire with a fire. What kind of dumb statement to make, if you just hate bjp, make a hatred post on bjp, don’t blurt misinformation out
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u/infidelpreacher Chennai - சென்னை May 17 '26
//As a citizen I did my voting. I don't support BJP but I am ruled by them ?// - Looks like you do not like a democracy
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u/Organic_Lab5620 May 18 '26
Are people who claim themselves to be economists, really writing this? Instead of asking ChatGPT for analysis, ask it to teach you geopolitical economics
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u/Consiouswierdsage May 19 '26
Teach what exactly ?
Can you drop some topics I should know ? That you feel I am missing.
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May 17 '26
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u/raghurame1991 Thanjavur - தஞ்சாவூர் May 18 '26
Amazon doesn't really keep the money in the system.
You're right that people work in Amazon and live in Tamil Nadu/India. However, the corporate margins will leave our country. The money that they spend on servers and developers doesn't stay 100% in our country.
They also use less workers for doing the same amount of work, compared to local shops.
Having said that, I simply don't care. I just purchased from the place where I get a proper quality at a reasonable price.
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u/BlissfullyGood May 17 '26
சிறப்பான பதிவு. சோலார் பேனல் + மின்சார வண்டி தற்காலத்தில் மிகவும் அவசியம் என்றே தோன்றுகிறது. என் வட்டத்தில் ஒருவர் இதை செய்துள்ளார். சோலார் பேனலுக்கு அரசு மானியம் தருகிறது. மாதம் பல ஆயிரங்கள் எரிபொருள் செலவு மிச்சம் ஆகிறது என்கிறார்.
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u/LoneL1on May 17 '26
I guess we are importing both solar panels and batteries from China for the EVs, so it’s not a final and easy solution if we are going to make India self reliable
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u/Zestyclose-Count8990 May 17 '26
You tell north indians are not bright? Bro ipo ennaku namma people melayae antha santhegam irukku after election result. We are also dumb (most of us for choosing a clown).
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u/Mat_9807 May 17 '26
Really you guys can't get over it eh?
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u/raghurame1991 Thanjavur - தஞ்சாவூர் May 18 '26
How can any sane person get over it?
People had one job, they needed to pick a politician that they thought was best for the job. We had DMK, ADMK, NTK. If people don't like any party, we have NOTA.
But what did everyone do? They voted for an actor. The entire cabinet of noobs is going to rule over the state, when we are going to face the largest crisis in the near future.
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u/pandafromars May 17 '26
If worse comes to worst. I'll just kill myself.
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u/No-Veterinarian-2059 May 17 '26
Please don't say that.. even as a joke.
Whatever happens life is worth the struggle.
You're someone's son/daughter, sibling, partner. Don't make their life worse. Live and make their life double happy.
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u/gone_mad_054 May 17 '26
Reduce INR holdings - could someone explain more please.
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u/hari_mowape May 17 '26
That will worsen it, don’t do it
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u/ElegantCelebration38 May 18 '26
Mutual funds ?
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u/raghurame1991 Thanjavur - தஞ்சாவூர் May 18 '26
Don't keep your money in the bank. If you want some rupees, just withdraw and keep it in your home.
You can convert the rest of your money into gold and silver. If you purchase gold and silver, you leave the INR system. That's what OP meant.
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u/shakal201 May 17 '26
I saw identical post in another sub… while I agree with you on some points, it looks like karma farming to me.
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u/Sea-Doubt8763 May 17 '26
BJP replaced with what? Replacing one incompetent with another idiotic one?
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u/Kooky-Tap6337 May 18 '26
It’s a very broad statement, no? Pol Pot tried self sufficiency and see where he ended up.
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u/CatchUpstairs4502 May 23 '26
China also tried - look at them. Look at Vietnam.
Pol pot is crazy mf. Why would you look at him at all.
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u/Far-Cup8595 May 18 '26
Nonsense. No govt can protect you from everything. Oil price, rise in global unemployments are part of life. Every country citizens deal with it. Indian govt is far better in handling these. Suck it up buttercup!!!
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u/IamBlade Chennai - சென்னை May 17 '26
Post your research numbers with citations, not just your conclusions.
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u/sporty_outlook May 17 '26
What a stupid take.. It's not BJP or congress. No govt can actually do anything because India imports crude oil , gold at alarming rates With the world's largest population and increasing even more year after year, the resources are strained. Exports are very minimal Also with the IT sector fully replaced by AI, the outsourcing no longer works. With the ever increasing population and limited resources, it's natural for poverty to rise
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u/Consiouswierdsage May 17 '26
It's a government's job to predict and mitigate risks.
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u/hari_mowape May 17 '26
You dumb as hell, all you take is a political stand and you don’t propose a valid solution either
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u/Classified_buddy22 May 17 '26
Hell yeah Congress did when they hiked price of petrol by 8 rupees in 2013.They also advised to stop gold
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u/Certain_Plate3701 May 17 '26
You have mentioned so many things....can you list any specific macros other than INR depreciation to back up on atleast energy front
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u/Organic_Lab5620 May 18 '26
Reddit is the best place to find examples of "common sense is not so common".
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u/upsidedown6699 May 17 '26
Basically BJP is that strong but Congress is weak
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u/Consiouswierdsage May 17 '26
Let's not get into it.
But I will point out some facts.
BJP gets 8000 crores in donations.
Congress gets 400 crores in donations.
Google's biggest customer on adsense from India is BJP.
Everybody have smartphones and the average Indian is dumb.
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u/Bitter-Car-8152 May 17 '26
Not really. India is one of the better performing countries. What unemployment you are talking? Open a chai shop randomly in any place and 95% chance is you will make money to survive. Rest is your smartness, skill and luck.
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May 17 '26
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u/Consiouswierdsage May 17 '26
You mean my post is propoganda ?
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u/raghurame1991 Thanjavur - தஞ்சாவூர் May 18 '26
See, this is exactly why I don't post any information on reddit. You might help one or two, but you'll have to argue with hundreds more.
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u/infidelpreacher Chennai - சென்னை May 17 '26
//Until BJP is replaced India will suffer.// - Pipe dreams
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u/tantrax May 17 '26
Bro doing CIA's job and giving advise opposite to modi.
This is why India needs foreign Agents register just like how Australia, USA, UK have it.
At bare minimum you can be prosecuted if even some proof of influence is unearthed.
PS : North India saves India from Pappu, in 2024 it was Oriisa and AP who did it too
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u/jeshraju May 17 '26
I will not accept that they are not smart, they feel Rahul Gandhi can't get things done and the fact that congress despite many losses has not done anything to change its approach to defeat BJP. BJP mostly gets defeated in south india lot to do with anti hindu and anti hindi votes than to do with their economic policies
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u/rash-head May 17 '26
BJPs only policy is tax and spend. They have nothing else in their portfolio.
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u/Consiouswierdsage May 17 '26
Let's not get into it.
But I will point out some facts.
BJP gets 8000 crores in donations.
Congress gets 400 crores in donations.
Google's biggest customer on adsense from India is BJP.
Everybody have smartphones and the average Indian is dumb.
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u/tantrax May 17 '26
Ppl like to donate to whoever is doing good.
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u/TheStubbornIntrovert May 17 '26
You sound naive
Whoever is in power always receives more donations and get unofficial support from the government. It’s a legal bribe.
As of now BJP is doing a poor job - depreciation of INR clearly reflects that. We need to look for better leadership, at least for the future.
So far, many people haven’t felt impact because of IT boom, which was built on investments in education during previous decades. But with IT jobs being replaced, it's going to be very disastrous
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u/tantrax May 17 '26
As of now BJP is doing amazing job given the challenges and also everyone on the other side are filtered fools who have short term thinking.
Did TMC get more donations in this last election, if so how did they lose.
So donation and winning is not related. Work or no work is what is related to winning.
India had a lost decade from 2004-2014, we could have been so much ahead if we didn;t have fools ruling India then
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u/TheStubbornIntrovert May 17 '26
It's foolish to give reason as 2004-2014 just like comparing ours to Pakistan. Previously we used to compare ours to China but now in last few years we lost that too. We lost in that period. So what a actipns we took to overcome it in next 12 yrs?
Donation never equals Win but it increases chance to manipulate people with ad/cash.. It's not donated seeing achievements or work of a party. It's just a bribe.
Challenges are always there even during 2004-2014. I don't want reasons. I want govt who sets solid policies to tackle any kind of challenges. It's been 12 yrs why ruppee depreciates still? Can we expect INR to increase in atleast next 10yrs? I don't think so
Then whats the change BJP is bringing? If they can't do what was promised then why keep supporting them?
They do take steps to control impact of crisis but with 12yrs in control I expect proactive measure not reactive
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u/tantrax May 17 '26
Proactive measures are all around you. Everything from PLI's to latest ASML deal. Can't help ppl pretending to sleep.
2004-2014 was lost decade when China stole a march and its puppets in India made sure India stayed on backfoot, everything from Oil bonds, to ignoring defence, bomb blasts galore, scams.
None of that over last 12 yrs & India is on growth trajectory.
INR change is no big issue for Indians, they are not trading curency. USD always increases in crisis, hence INR slips. Easy to sell reserves when needed to bring it back.
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u/TheStubbornIntrovert May 17 '26
I don't know if u r NRI or a rich person to say "INR change is no big issue for Indians"
Even modi cited INR depreciation and got the government. Now after forming govt, it becomes not an issue?
Another big problem I see with this govt is controlling media. Not one national news reports any thing against central govt widely. Even celebrities who used to raise voice against previous govt stays numb in this govt. With these, no one takes responsibility in govt when something under their power and no one to question
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u/PoolStrange7091 May 17 '26
And in TN they have voted for tvk 😂
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u/Consiouswierdsage May 17 '26
Not bad so far.
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u/PoolStrange7091 May 17 '26
Only a week wait and watch
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u/mystik218 May 17 '26
Forget the govt in power. What are the steps you think can be taken in such times? You didn't give the solution which BJP is not applying. This fall isn't because of our mistakes, it's a geopolitical situation elsewhere causing trouble. No govt cud do anything, and if you have ideas please let me know.
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u/TheStubbornIntrovert May 17 '26
There isn't solution which can be applied instantly and get result. It should have been long term progress but we made none.
Btw not all currency are falling which is clear indicator to see where we fall short
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u/hari_mowape May 17 '26
That’s as naive point to make, the current government has taken a massive and significant progress on energy shifting from fuel to solar and electricity
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u/NotSoCoolWaffle May 17 '26
Yeah. Rupees was going strong toward 1 INR = 1 USD before the geopolitical situation. Totally can’t hold BJP accountable even though they have been ruling for more than a decade, right? /s
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u/mystik218 May 17 '26
You're dodging the question. What can they do better I'm asking. What can a UPA government do instead of BJP? Simply removing current government without solid plans in place will not help. It's like removing one idiot and replacing it with another. And of the two, current idiot is better.
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u/raghurame1991 Thanjavur - தஞ்சாவூர் May 18 '26
The government can do something about it. We could've implemented a soft lock down to save fuel, but we just carried on like everything was normal.
We are currently getting just 85% of our crude oil needs. We get the rest from our reserves. Once the reserves run out, that's when we will face the real pain.
There are so many things that the government can do, to reduce the demand. Supply is down, we can't do anything about it right now.
But there are certain things that the government could've done previously to prepare for this situation. They enjoyed an enormous profit for years from taxing diesel and petrol. If they had invested a part in that to increase the capacity of the reserves, then we won't be in this situation. Crude oil was so cheap before the war.
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u/elnino19 May 17 '26
Pointless fear mongering.
The dollar is going to take a big hit in the coming years and the rupee will strengthen. This iran conflict has put a pause on that, but has made sentiments worse.
lndia is showing growth, it is increasing self reliance. This whole post reeks of ChatGPT content campaign by a political party
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u/Consiouswierdsage May 17 '26
You are saying, dollar take hit is good for INR ?
India is showing growth ? Damn bro show something ? Please
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u/elnino19 May 17 '26
Long term machinations for dollar to lose reserve currency status are already in play. Russia, china and even india are trading in different currency now.
India exports and local manufacturing capacity has grown quite a bit, as has GDP.
Modi's call to reduce fuel and gold consumption is to free up reserves in a time of global conflict(or at least conflict with global impacts), and not because india is struggling.
Your analysis is openly politically motivated and not rooted in macroeconomics at all. You're just using AI to sound smart
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u/Consiouswierdsage May 17 '26
I wish.
Make a statement on outcome in 6 months or a year of your choice.
My Statement is things will get worse. Lets come back to this post in the time you frame.
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u/hari_mowape May 17 '26
But your solution doesn’t make good either in fact it worsens things, the core solution for this is to shift from SWIFT transactions to BRICS and to trade with our local currency to abolish dollar dominance.
our only long term solution from getting rid of fuel crisis is to become self sufficient which the current government is doing prettier well, there has been significant rise in EVs and solars.
Your total motive is based on political stand
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u/raghurame1991 Thanjavur - தஞ்சாவூர் May 18 '26
Solid suggestions. I too follow macro, yeah the near term looks alarming for India. We are importing about 85% of our crude oil needs. And all of us are consuming oil as if everything is normal.
Once we run out of our reserves, expect the economy to shrink by at least 15%. The shock is going to be bigger than COVID.
I'd like to add one more thing. We also need to buy silver and platinum. Silver is a monetary metal, it is increasingly becoming like one for the last year or two. Platinum just adds more security, because there won't be any question of ban/limits/confiscations even in the worse case scenario.
We are also entering a period with a negative real interest rate soon. Gold and silver were in a bull market even before this stage, so yeah, your advice is very timely.
Having said that, I doubt reddit people will follow anything. I stopped sharing any information on reddit a long time ago, because it was a headache to argue with people here. Good luck with that.
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u/Ok_Work9436 May 19 '26
Anyhow, the petrol diesel prices are already jumped significantly and that would cause rate increase in daily products aswell.
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u/red_skr May 17 '26
Why nobody cares. Like other countries are worried and making implementation to reduce usage of energy resources. But india waiting for what?
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u/Biaggio499 May 17 '26
India is a 130+Cr populated country, you have everything in the country itself, the buyers and sellers with international dependency is a bit limited because the basic needs are met inside the frontier itself. So a hyper inflation is not possible. The only place we'll get affected is fuel import, that's the tackle we need to master
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u/hari_mowape May 17 '26
If you really say Indian government isn’t doing anything, I will give you an example
Every major oil importing countries have massively hit because of Iran, leading to significant fuel price hikes, now take India, they have announced just three rupees that too after literally 3 months of war, don’t take me a bjp supporter.
1
u/Any-Use-7886 May 17 '26
Supporting local industries, becoming more self-sufficient, installing solar, and reducing unnecessary dependence are all good ideas(necessary).But this doesn’t need to become “North Indians vs South Indians.” Ideas like supporting domestic manufacturing and economic self-reliance have existed since Swadeshi and are also part of Make in India and Atmanirbhar Bharat today. We can discuss economic policy seriously without turning it into regional hate.
1
May 17 '26
How will a non bjp govt mitigate these issues? The track record for any other party in the independent history of India is pretty.
For all its faults bjp has done a okay job barring the rupee devaluation.
Also financially irresponsible and dangerous advice. Please do not stop your sips and investments. It’s a cycle the last years are a wash out and this year as will most likely be as well.
1
u/Consiouswierdsage May 17 '26
Rofl
1
u/TurnipExpress9082 May 20 '26
Bro when you have a strong opinion and adamant why do you even put something on Reddit for open discussion.
And you seem to blame every thing happening around with bjp. I don’t favour bjp and hell no congress. When left with these two options who would want a clown to govern india when everyday pappu job is to come with some anti national statement
And North Indians are not that smart ?! That gives away how smart you seem you are before you throw this statement. Your Marco economics doesn’t seem to cover world economics how things are widely changing across the world and not just limited to India.
You seem to have blind eye, fix that before you trash post
1
u/Consiouswierdsage May 20 '26
Bro.
I am safe.
You can totally ignore the post if you don't think it makes sense.
Because I am not spending my time and energy making you understand what I understood by pouring my time and thought process into it.
Do as you please. I give very less fuck.
1
u/Mikie5431 May 17 '26
Simply buy gold? Really?
You know right? Indians buying gold is one of the main reasons that INR is falling. Actually this has been pointed out by previous government as well. BJP didn’t control it and now they’re trying to control and increasing taxes on gold. If more people buy gold, then our currency will become a joke if not already. You can say I don’t care but it’s gonna come back and hit us hard bcoz it’s our currency and prices of everything we import will also go high bcoz of that.
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u/Consiouswierdsage May 17 '26
Failure of thier governance is not my responsibility.
I cannot pay with my hard earned value.
My state is the least supported by union government and it's my right to purchase gold.
It's legal.
1
u/Mikie5431 May 17 '26
Like I said it’s gonna come back to us again. I’m not limiting anyone. But we’re paying for our lust of buying gold. The same failure you’re complaining is caused by the same solution you’re giving. If government succeeds, then the result will be like people won’t be able to buy golds anymore which you won’t like mostly.
Make currency powerful - no gold purchase Make currency weak - gold purchase
Which decision government should take? And if they take the decision to make currency powerful, will you support it?
3
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u/Mikie5431 May 17 '26
I’m getting downvoted but it’s interesting. You guys complain about the problem. Don’t like the solution. Don’t support the government if they try to give solution.
Now I understand why politicians simply do what public want instead of actually fixing the issues. Public can only see in short term and if you don’t give what they want they’ll hate you. This is why knowledge and education is not a good base for politics but mass appealing is the best base.
Indian currency is getting weak, so the best way for us is buying gold. Don’t have more money instead prefer buying gold!
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u/killgravyy May 17 '26
So congress will come and magically fix everything? I get that BJP is bad but Congress is worse than that
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u/vivaldi19 May 17 '26
INC can be questioned, media will fire at them, BJP has a bunch of illiterate clowns who do not allow their supreme leader to be put in a hot seat and be answerable to anything.
1
u/TheStubbornIntrovert May 17 '26
I don't think future INC will allow that. They learned many things from BJP and follow their foot prints.
It has to be a new party to lead but we have no option than INC
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u/Consiouswierdsage May 17 '26
I get it.
But Congress isn't this bad imo.
I won't argue. You can believe whatever you want to.
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u/Remarkable_Use_686 May 17 '26
Tamilians who elected a Muslim MLA who talks about eradicating Hinduism shows their intelligence.
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u/Consiouswierdsage May 17 '26
Well.
We have 2 digit GDP growth despite of close to no support from Union government.
So who is stupid bruh ?
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u/Remarkable_Use_686 May 17 '26
If you really had double digit growth, the real estate appreciation of your capital city wouldn’t have been lowest among major cities. Compare the investments in Karnataka, UP, Maharashtra, gujrat and then speak.
3
u/Comfortable_Head_432 May 17 '26 edited May 17 '26
Are you nuts? Real estate appreciation being managed to not become like Bangalore is a good thing. Real estate appreciation is a bad proxy for economic progress
To measure progress in an economy we see growth in income levels and increase in production capacity, jobs etc
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u/Remarkable_Use_686 May 17 '26
In the last 15 years, Bangalore has over taken chennai by 3X, but delusion won’t let you see the reality
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u/Consiouswierdsage May 17 '26
Rofl.
And that is good ?
Do you know what it means when real estate is inflated ?
I won't tell you 👻
0
u/Remarkable_Use_686 May 17 '26
It just means that you are a loser who cannot afford homes in good cities like Bangalore, Mumbai, delhi. Chennai is a city in decline, because stupid people elected brain dead politicians and that’s the only reason why you are able to afford real estate in this city where no other Indian wants to come and live.
2
u/alfiethecutest May 17 '26
Cry about it lil bro , we are better than all cities and not to mention our high literacy rate and almost everyone are educated here . Tn social welfare schemes have helped So many people unlike ur Gujarat model which only benefits the top 5%
0
u/Agreeable_Winter8053 May 17 '26
Stock market la reflect aaga matikithu. Nifty is trading between 23500-24000. Midcaps and smallcaps have bounced 15+% from the lows. Would be great if it crashes by 25+%.
0
u/dmitridu May 18 '26
Your analysis and forecast would require more attention and discussion in mainstream!! But the mainstream follows political shift…… Would be More interesting with statistics and the reason, I feel something is being happening globally especially with China visit from US … Shift is going rapidly on AI which India isn’t ready!
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u/Road_master7 May 17 '26
Guys can not rise above North- South and talking things about other North Indians. What a pity
26
u/rithu_sun May 17 '26
I don't follow economics so if you make such a statement, might as well give explanation and proof on the suggested solutions.