00:00Hello and welcome, you are watching Good Returns, I am with you.
00:10Look, global tensions have been increased and its full effect.
00:14India has also increased in the Indian economy, in the Bazaars.
00:17So, in this time, India has been in the middle of a crisis situation, but strongly.
00:23Now, what do you want to do here?
00:26If you are going to go to the Rupiah, then how do you want to stabilize?
00:31This is a point of discussion.
00:33Today, we will do a very special guest with Dr. Janak Raj.
00:40Sir, welcome to Good Returns.
00:44Sir, I will highlight Indian Rupiah here,
00:47because here is a little bit of a situation.
00:51The record is low touch.
00:54In January 20th, when we are talking about the end of January 20th,
00:57so this time the Rupiah is the level of 91.
00:59Is there a crisis?
01:04No, absolutely not.
01:07Absolutely not, I think the value of the rupee, we should have any prestige attached to it.
01:15If you look at the tariff on it, we have depreciated to nullify the rupee,
01:22so that's a big difference.
01:24I have talked about the price of 91,
01:28but how long does China keep its rupee undervalued?
01:32There is a lot of hype in the media that there is no crisis.
01:48We have no prestige with the rupee,
01:53but the rupee is falling.
01:57It is a big deal, the portfolio flows, FIIs,
02:02they are selling in the India market,
02:04and they are going out.
02:06This is why the rupee value is reduced,
02:08but we should not have any problem.
02:11Yes, it should not be disorderly,
02:14so we should not lose very low rupee.
02:17It should be orderly managed, which the Rizal Bank is trying to do.
02:21and I think that it was 91.
02:23I have also seen that the data is undervalued in real effective exchange rate,
02:28because our inflation will be reduced,
02:31so we compete with the countries,
02:36so that the real effective exchange rate will be reduced.
02:40But it will increase our exports,
02:43so we are not afraid of it.
02:46Do you need to intervene to RBI?
02:49The policy of RBI is that they keep the target in mind,
02:56and do not intervention.
02:58The role of RBI is that there is no volatility in the forex market,
03:02and they intervene for the volatility.
03:05and their policy is the same for years,
03:08and they are still on the same policy.
03:11So, if the RBI is a disorderly movement,
03:15then the RBI will intervene and try to contain that disorderly movement.
03:20So, I don't think there is no problem.
03:23The GDP, which has been projected over 7.4%,
03:26is a very positive news for Indian economy.
03:29But, Janak sir, the question is that,
03:31one side is a GDP projection for FY26,
03:35but the other side is Donald Trump,
03:38which is also on the side of the economy,
03:40which is looking at some light on the economy,
03:42because Donald Trump's global economy,
03:44has a lot of impact on the global economy,
03:46and its effect is related to India.
03:48So, what will you know about this?
03:50Is that a difficult point?
03:52So, what will you know about this?
03:54What will you know about this?
03:55What will you know about this?
03:56In fact, India is at a difficult point?
03:58Look, the GDP number is 7.2%.
04:02It's 7.4%, I believe.
04:07It was a very good number.
04:09And it was more than our meat.
04:12So, what is going on with the US,
04:14or what is going on with the US,
04:15what is going on with the global economy,
04:17what is going on with the US,
04:19because the US is our largest trading partner.
04:22We have more exports.
04:25And since they have put taxes on our exports,
04:29it's more than 50%,
04:30and 25% of the penalty,
04:32it's going to be going to be affected.
04:33That's why we can't save it.
04:35But our exports,
04:38we have time to diversify.
04:40The other destination,
04:42the other country,
04:43we have to try to export more in the country.
04:45Look, in China,
04:46the exports in the US,
04:48the other country,
04:49the other country,
04:50the other country,
04:51the exports are increasing.
04:52So,
04:53we have to create such a strategy,
04:55in which,
04:56the US exports are increasing,
04:58the other places are increasing.
04:59But,
05:00I want to say,
05:01the free trade
05:02with the US,
05:03it's going to be a long time.
05:05If we have a free trade agreement,
05:07it's going to happen,
05:08it's going to happen.
05:09So,
05:10I think,
05:11the tax,
05:12the tariffs,
05:13the Trump administration,
05:15it's going to be less than 25%,
05:17it's going to be less than 20%,
05:19and then,
05:20the economy will get a huge boost.
05:22But,
05:23it doesn't happen.
05:24In any case,
05:25the rest of the markets,
05:27we should try to increase our exports.
05:31We'll see you next time.
05:32Bye.
05:33Bye.
05:34Bye.
05:35Bye.
05:36Bye.
05:37Bye.
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