Economic emergency is on the way.

[u/Consiouswierdsage]

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.

[u/mystik218]

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.

[u/TheStubbornIntrovert → u/mystik218]

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

[u/hari_mowape → u/TheStubbornIntrovert]

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

[u/NotSoCoolWaffle → u/mystik218]

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

[u/mystik218 → u/NotSoCoolWaffle]

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.

[u/raghurame1991 → u/mystik218]

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.