Mumbai Wealth Management：Original to the US dollar, why did India become ＂pioneer＂？There are ambitions and helplessness behind

Why is India be so positive when becoming a "pioneer" to go to the US dollar?

In recent years, in order to attract India, the United States has spared no effort. Not only did Modi visit the United States last year, they received "ultra -high specifications" treatment. For the dark tunes of India and Russia, the United States also opened one eye.

However, although the United States has been so much effort in India, India is busy "going to the United States", and has fallen into the stones against the already precarious US dollar hegemony.

Why is India active than anyone else?Is this to push the Indian rupee to the world and replace the US dollar?Can India's ambitions be realized?Mumbai Wealth Management

Today we will talk about these issues. Code words are not easySimla Stock. Welcome to like, forward, and collect.

In August last year, India made a historic initiative:Udabur Stock

When the UAE is conducting oil trade, it has not used US dollars to pay for the normal state. The two parties use their own currencies to settle each other, and settled about 1 million barrels of petroleum orders.

The special feature of India's move is that in the past few decades, India has always used the US dollar payment system when importing oil to the Middle East, but this time abandoned the US dollar and changed to a base currency settlement.

And this is not over yet. Since then, the Indian government has announced a lot of local banks to establish a "incentive plan" to change the previous transaction methods in various fields to promote the settlement of the national currency as much as possible.

However, the recognition of Indian rupees in international recognition is too low. Although India is interested in promoting the internationalization of the rupee, it eventually has very little results.

Waiting until this year, India saw another new opportunity:

At the BRICS Minister of Economic and Trade in July this year, the BRICS countries announced that they would establish a new payment mechanism.

No one is recognized by the rupee outside. If it can be interconnected inside the BRICS country, wouldn't it be beautiful?

You know, if the purchasing power is calculated, the economic volume of the BRICS countries has surpassed the G7, accounting for 35.6%of the global GDP.

If India can use rupees when trading with BRICS countries, it is undoubtedly very helpful.

But the problem is here:

Now everyone is going to the US dollar. It is not unusual in India to blend with a bit, but it seems unreasonable when the United States is attracting it.

Why does India take the risk of offending the United States, and to go to the United States to become more active than anyone else?

India actively went to the US dollar, but in fact, there was also a last resort.Jaipur Investment

Many people may still have a impression that since the outbreak of the Russian and Ukraine conflict, it has lost its European customers. Russian oil sales are blocked. India has become a big customer of Russian oil.

As of now, 44%of India's oil is purchased from Russia, but it is not easy to take out this money.

The reason is that since the founding of the People's Republic of China, India has almost annual trade deficit, and now its annual trade deficit has exceeded US $ 200 billion.

And how much is India's foreign exchange reserves?Only about $ 600 billion.

In other words, according to the current trend, India will go bankrupt in three years in 3 years.

Therefore, of course, India has to go to the US dollar, and it is also the pioneer of the US dollar:

If you continue to trade with US dollars, India must control its import scale, give up the fat on the mouth, and good Russian oil.

If it can be traded with local currency, India can export rupees. Internal debts are not debt, they are lacking money, and India can take off.

Including what we mentioned earlier, India actively promotes the establishment of a new payment mechanism for the establishment of a new payment mechanism.

Don't forget that Russia also belongs to the BRICS country. As long as it can push the rupee to recognize it in the BRICS countries, then finding Russia to buy oil at that time, you can use your own rupee.

Before the Russian Indian oil trade was suspended, it was not because of a lot of Indian rupees in Russia that could not get out of the Indian rupee. Did you return a bunch of waste paper back?

If India is successful, this will obviously not be a problem, and the oil trade between India and Russia will be much simpler in the future.

As a result, the current problem has become. India actively promotes the "de -US dollar" and sells their own rupees to everyone. Can it really be realized?

Speaking of conclusions, I'm afraid it is difficult.

This logic is not complicated. What is the essence of currency?It's credit.

The reason why the US dollar can circulate the world has become a global currency in the facts because there is a national credit behind the United States as an endorsement, and it has its own complete credit mechanism.

In addition, the reason why everyone's trust in the US dollar has declined sharply because of the soaring scale of US debt, and the United States has frequently weaponed the US dollar and caused damage to US dollar credit.

Now India wants to go to the US dollar and promote its own rupee.

On the one hand, the third brother's style is well known that it is the Lord who does not pick up cheap.

Over the years, India, which has a huge market potential, has made himself a "transnational corporate cemetery" and directly scares away a large number of foreign companies.

Coupled with the buying Russian oil in Du Rie, India, the incident of Russia just after the pit is still vivid. Who dares to use the third brother's rupee?

Even if India blews up, it is difficult to say how much credibility is it.

On the other hand, India's annual trade deficit is not realistic to promote rupees itself.Pune Wealth Management

In recent years, the internationalization of the RMB has accelerated crazy. In addition to the US dollar's self -digging foundation, it is given perfect assists, it is more because India is a "world factory". There is a lot of trade surplus each year.Products needed.

Since the annual deficit of the founding of the People's Republic of China, even if you get rupees, what can you buy?

So in the final analysis, it is naturally difficult for India's ambitions to achieve the reason for using the Indian rupee.

India is in a panic to the US dollar. To promote the rupee, it is essentially for its own interests, or the usual style of the third brother.

But the third brother's ambition is too great, it is not so easy to achieve it.

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