Many people are attacking the Indian Government and Prime Minister Narendra Modi over the demonetization decision that it will cause a slowdown in the Indian economy.
Some people are not realizing the fact that the damage Congress had done to the economy will take time to heal. When Bharatiya Janata Party (BJP) came to power they had a huge task in their hand to bring the Indian economy back on track.
And Since PM Modi and his cabinet took the charge the scenario has changed dramatically, now Indian economy is one of the fastest growing economies in the world (GDP rate more than 7.1%).
And there is something which has improved drastically under Modi government but not many know about it.
Before 2014 when Congress was ruling, the value of Indian rupee as compared to other currencies was decreasing drastically. The Indian rupee was losing its hold in the international market and was becoming weaker.
But after 2014, BJP came to power and everything started to change. Indian rupee started performing well and its value as compared to other currencies started increasing, the rupee started becoming stronger in the international market.
Next: See the difference in value of Rupee from 2013 (Congress rule) to 2016 (BJP rule). The margin between the two is drastic !
As we know the value of rupee keeps on fluctuating according to international market. Every single day the value of rupee either increases or decreases.
Here is the list of value of rupee between 2013 and December 2016 as compared to other currencies:
Its very clearly visible that since 2013, our Indian rupee has been growing in international market and making its position stronger in response to other currencies.
Under Modi government the rupee is getting stronger.
We need to give government some time to make things work and understand that the PM needs time to clear the mess created by the congress.
The country is growing under PM Modi and there are enough facts to prove this !
Tell us in the comments below what you think !