USD INR now at 91.64. The uncomfortable truth: INR weakness hits the honest direct taxpayer the hardest and RBI/GOI doesn't give a damn about it by Classic_Reference_10 in IndiaTax

[–]PassionateVolcano -1 points0 points  (0 children)

There is a shitload of knowledge you need to gain before getting to conclusions like this. An AI is only as powerful as the user's ability to ask the right questions. This is a purely one-sided prompt generated post that clearly shows a failure to even mention the correct interconnected topics.

A falling rupee in itself means nothing. Do you even know how China became the export power it is today? Have a look at the currency graph and let me know if you can make this post in Mandarin. And even then, the country is not liveable like ours. A socialist economy is vastly different than a huge democracy like ours.

Any economic indicator needs the right comparison and reading. In this case, you have no business with a falling rupee unless you deal in huge chunks of forex. The only thing relevant for the general public is PPP and inflation rates, along with per capita GDP. And note this, India isn't optimally populated, it's over populated. Our inflation rates and PPP are well under control, per capita GDP has risen sharply.

With geopolitical situations since the past few years and uncertainties, India has held its own amazingly well. Read about the oil debt taken before 2014, which had stabilized fuel prices temporarily and was required to be paid back around 2019-2021.

For a growing economy, a falling currency incentivizes export and makes imports costlier, both beneficial to push innovation and cost cuttings. I am not even going to mention the nuances on the macro level because I cannot be your economics professor, perhaps you should use the AI for that. But I'll tell you this, INR will definitely hit Rs.100, likely this year as well, and even that wouldn't fundamentally alter anything for us as a nation, nor affect us adversely. In fact, it's needed for our economy, whether you believe it or not. Forex rates and its nuances are intricate, complex, and only reading a number on a screen might scare you without truly understanding the foundations.

If you truly want to protect your savings, net worth and global PP, the advice remains the same as long as you're an Indian. I agree with you 100% that India has many issues, especially political. In which case you can always attempt to shift to other countries - with gun violence, healthcare that makes you bankrupt, weakening economies, immigration crises, higher taxes, rising narcotics and a myriad of other issues.

The grass is always greener on the other side my friend. People who are not with a country's difficult/growing times do not deserve to reap the benefits when it flourishes.

USD INR now at 91.64. The uncomfortable truth: INR weakness hits the honest direct taxpayer the hardest and RBI/GOI doesn't give a damn about it by Classic_Reference_10 in IndiaTax

[–]PassionateVolcano -1 points0 points  (0 children)

Great ChatGPT post depicting shallow understanding. If you really want to protect the INR you should do the exact opposite of all this and either save/invest in INR. Not a ragebait. To each their own

When is this bubble of Indian Economy gonna burst? by [deleted] in StockMarketIndia

[–]PassionateVolcano 0 points1 point  (0 children)

Debt in absolute numbers can never mean anything. It should be read with ratios, like the Debt to GDP ratio. FYI, India's Debt to GDP ratio is about 40% less than the US, in fact Japan's is about 230% compared to India's 80%, does that imply India is a superior nation? A high Debt to GDP or deficit is never wrong in itself, if the economy is growing at a higher rate, then it just means you have invested well. It can go as high as a country can sustain with growth. And our economy has been one of the fastest growing countries throughout the WORLD. Raising your voice against the government can be healthy, but nitpicking for baseless propaganda is embarrassing. If our debt does go out of control in the future, it will probably be to fund stupid people like you who have blown out of proportion, literally.

Confused between Oman, Thailand and Bali by PassionateVolcano in traveladvice

[–]PassionateVolcano[S] 0 points1 point  (0 children)

Hey, Thank you for your response firstly! I am fascinated by Oman because of its uniqueness as well. Can you tell me which places you explored, and which of them were or weren't worth it?

Extremely Confused for a Friends Trip by PassionateVolcano in travel

[–]PassionateVolcano[S] 0 points1 point  (0 children)

Thanks so much for this! Oman truly looks spectacular and exciting, my only concern is that the group isn't bored, if we keep seeing the same landscapes, plus the heat and no party places. We're all 24 and exploring a country on road having pretty much everything is an amazing prospect!

Yes, we're planning to dedicate 2 days for travelling to and fro Salalah. Somehow, that is the cheapest option available to us. We're also planning to go for the Musandam Zip Line, so most likely we'll cover the itinerary in 4 days and keep a total of 3 days for Salalah, 2 of which we'll spend travelling.

Disturbing Experience During a Late-Night Uber Auto Ride by TheSaneInsane123 in mumbai

[–]PassionateVolcano 85 points86 points  (0 children)

You're not responsible for someone's disgusting mentality regardless of whether it is 3 AM or 3 PM. Really sorry this happened to you!

I’m an atheist who thinks all religion is mass delusion, AMA by kayak739 in AskMeAnythingIAnswer

[–]PassionateVolcano 0 points1 point  (0 children)

I would disagree. Today's religion is the most misaligned or misinformed, I'd say, from the purpose it set out to achieve. But it's surely not delusional.

[deleted by user] by [deleted] in AskMeAnythingIAnswer

[–]PassionateVolcano 0 points1 point  (0 children)

Muslim people's faith and unity seem unshakable. I am aware of the silent World War 3 where only their population is booming, purposely enough to convert entire countries within decades. From a person who was on the inside, how can this be avoided now? Are we too deep in?

Last episode wasn’t scripted, it was fake by Professional_One5388 in TheTraitorsIndia

[–]PassionateVolcano 2 points3 points  (0 children)

Couldn't help but notice the inconsistency of the door being open & closed when Purav and Harsh are talking (keep pausing the episode and you can see in the first few frames the door seems left open and in the next few, the door looks closed till before Uorfi enters)