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Me being an indian i would challenge, if 1 Rupee is made equal to 1 Dollar, things in India will change obviously.

2007-03-10 05:03:20 · 5 answers · asked by ujwaldignified 1 in Politics & Government Government

Whatever the result in making the currency value equal, will stabalise over a period of time.
Proper legislation will naturally set in..........Bcoz the attitude and the way in which people look into the world changes with enough money with them to survive in the global reach.

Whereever in this world, whichever country it is...... Its the human race and their attitude and hence their works depends on the culture, which indeed depends on the social status of an individual which is affected by MONEY.

2007-03-10 05:18:36 · update #1

5 answers

No, they wouldn't. India needs better legislative and judicial systems for change to take place. If you merely replace rupee with a dollar, it will spur an enormous inflation in a matter of weeks and the results will be devastating.

No, equalizing Rupee with a dollar or printing more Rupees will not eliminate poverty, but only create bigger chaos. If you do that, the demand curve will shift immediately and it will create unbelievable inflation. The result will be an immediate devaluation of Rupee and the market will crash. If the solution for poverty was as easy as printing more money or equalizing the currency with a dollar by single policy, then every government would have done exactly that long time ago.

2007-03-10 05:11:27 · answer #1 · answered by OC 7 · 1 0

Basic infrastructure includes roads, electricty, communication, drinking water, education etc. Only 40% of India is well connected to roads that too in poor condition where as funds allocated for the same has increased the bankbalances of many politicians, officials and contractors. The same condition is with Electricity & Water. One can not find these basic facilities on ground where as on papers these all are complete. Without proper Infracture development overall dvelopment of India is not possible, because only good infrastructure facilities can only fatch investment and it wil increase the fair chances for job opportunity. And this will not only increase jobs but percapita income and production in india itslf and will head towards selfreliance and development.

2007-03-10 05:26:12 · answer #2 · answered by singh_kv 2 · 1 0

India's "infrastructure and its poor-ness" is an issue raised by rich people, its not an issue raised by ordinary citizens. Hence this perspective. If you allow true democracy to start functioning in India, we will be able to overcome these sorts of allegations - where the poorest of the poor gets a voice whose weightage is the maximum, and that of voice of the likes of Narayana Murthy is given the minimum weightage.

2007-03-11 17:05:53 · answer #3 · answered by doxa 2 · 1 0

Our country India is rich in natural resources but still we are poor. This is b'cos we lack determination, sincerity, honesty and competitiveness compared with other rich countries. We have a great cultural history and ours is one of the greatest ancient civilization. We can certainly change for better if we address to the above problems.

2007-03-10 05:12:37 · answer #4 · answered by drpoet 2 · 1 0

68% areas of India's are the rural. There is no electricty, no education, jobless youngests. Govt. of India does not lookafter the rural areas develpoment, not making any insfrusture of their develpoment in all sectors , like education,
health, growth of fermers improvement, like, loan facility, help to system to distribute the seeds by the ration shoping.Our mejore cities are growing developing, But, it is a nessary to growth from the rural villege level. If, govt. lookafter this systems,
then, th countries economic condition will be chenge.

2007-03-11 07:51:01 · answer #5 · answered by diprodiptaBanerjee 3 · 1 0

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