Indian economy in continuous decline since defeat in Operation Sindoor by Pakistan
New Delhi: The Indian economy has been in a continuous decline since the shameful defeat in Operation Sindoor by Pakistan after the Pahalgam false flag.
According to Kashmir Media Service, the Indian rupee is continuously touching new lows against the US dollar.
Yesterday, the Indian rupee reached a new record low of 95.80 against the US dollar. On May 12, the Indian rupee closed at 95.63 in the capital market.
The rupee had fallen to 94.84 at the end of March, indicating that the Modi government has consistently failed to stop the rupee’s decline. The Indian rupee has lost more than 6 percent of its value, so far, this year and has become Asia’s worst-performing currency.
According to experts, India has had its worst fiscal year in more than a decade due to the Modi government’s failed policies, when the rupee has been continuously losing value.
The main reason for the decline is the sharp increase in international crude oil prices. India meets about 80 percent of its oil needs with imported fuel, which has increased import bills, and the trade deficit and current account pressure have also increased rapidly.
Foreign investors have withdrawn more than $ 11 billion from the Indian stock exchange in March this year, which has led to a severe shortage of dollars in India.
