Friday, July 11, 2014

Indian Rupee as Global Currency


In United States, the important event is, State of the Union address by the President. Presenting a budget may be a usual affair; no body pays any attention to it.

But in India, somehow, we have glorified the Budget. This year, there were lot of great expectations; but happened to be usual one.

To play a new game, you need to change the entire chess coins.

Just by changing the king, you cannot expect a whole transformation in the system.

Narendra Modi tries to innovate in the government system. But his cabinet ministers try to teach Narendra Modi about the Delhi business.

This budget appears a better version of the previous government budgets; but nothing innovation about it. In fact, it is Arun Jetley's budget; not Narendra Modi.

Had it been Narendra Modi's; it would have been a new experiment.

Euro Dollar is a new experiment; it is an innovation; it has challenges; and also opportunities.

Presenting a budget; it is a job of a clerk in a grocery shop.

Political leaders in high office,  should present innovation.

John F. Kennedy: we want to send man to the moon and bring him back to earth safely. That is vision.

Vision has no details; most of the time, it may sound stupid too.

When John F. Kennedy said; that time USA had no technical skills about space technology; no money; but still Kennedy did make that historical statement.

That's leadership.

Narendra Modi said, our space program is much cheaper than the Movie Gravity.  That is what Narayana Murthy and his team has been doing it all these years.

Much much younger than Nandan Nilegani; much much later they came into the industry; in fact, when Infosys stocks going up, these Google guys were doing their masters in Stanford.

Even now, India tries to attract foreign companies for cheap labor. Comparing our space program to Movie Gravity is a Salesman job.

Singapore attracts foreign investment; not focusing on any thing cheap over there. They project their strength and attracts foreign investment.

When they rescue nurses from Iraq; if you observe; there is a wonderful opportunity.

Indian Rupees could become a global currency; not with economical strength; but with political strength.

In fact, it is an innovative opportunity for both; India as well as Pakistan.

Those islamic soldiers told those nurses; you could continue to work in Iraq; with new contract. Let us sign a new contract with Dinar; not with US Dollar. But the nurses said; no, we want USD only.

So, for political reasons, these Islamic states have developed dislike towards US Dollar.

That is a challenge; that is an innovative opportunity for both Pakistan and India.

These middle-east countries may prefer Indian Rupee as global currency to USD and Euro.

These nurses may agree for a contract on Indian Rupee; in that case, those Islamic governments may accept Indian Rupee as a global currency.

In fact, Pakistan has an wonderful opportunity to become a global currency for the middle-east regions.

You don't need to be economically strong; you can become a globally acceptable by your character.

Fortunately, India maintains very good character in the global space.

One reason may be that gujarati. Not these new gujaraties; the old gujarati, Karamchand Mohandas.

Even today, America and British send their youth to Iraq and Afganistan for hardware work.
Indian youth go to America, Europe for software work.

So, by character, Indian as well as Pakistan rupee could emerge as an acceptable currency in those, new, emerging United States of Islam.

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