The reason behind rupee's fall: What India thinks...
PHOTO: Reuters
As India's economic boom disintegrates and the country stumbles through multiple challenges, the fall of the rupee versus the US dollar - an astounding 20 per cent from the beginning of the year - has caused the most consternation.
The impact can be severe - higher fuel costs, rising prices of goods, rising interest rates, higher import costs, rising inflation, etc.
What has led to this downfall? Is the global economic slowdown at fault? Or is it the handling of the situation by India's powers-that-be? Or is it both? Delhi-based research agency Marketing & Development Research Associates (MDRA) undertook a survey of more than 8,000 citizens to find what the people of India think.
The survey was carried out in 29 states and Union Territories, across age groups, education levels, gender and occupation profiles, etc.
RESULT
Q. The fall in the rupee's value against the US dollar is because of -
1. Global economic slowdown: 19.9 per cent
2. Incompetence of Indian authorities: 39.3 per cent
3. Both: 40.7 per cent
The impact can be severe - higher fuel costs, rising prices of goods, rising interest rates, higher import costs, rising inflation, etc.
What has led to this downfall? Is the global economic slowdown at fault? Or is it the handling of the situation by India's powers-that-be? Or is it both? Delhi-based research agency Marketing & Development Research Associates (MDRA) undertook a survey of more than 8,000 citizens to find what the people of India think.
The survey was carried out in 29 states and Union Territories, across age groups, education levels, gender and occupation profiles, etc.
RESULT
Q. The fall in the rupee's value against the US dollar is because of -
1. Global economic slowdown: 19.9 per cent
2. Incompetence of Indian authorities: 39.3 per cent
3. Both: 40.7 per cent
IN YOUR OPINION,tHE DECLINE OF INDIAN RUPEE AGAINST US DOLLAR IS ATTRIBUTED TO??
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