IF Dollar Collapse continues..
There was "Open-outcry system" prior to Stock Exchange establishments. This system was then replaced by more organised,wider system known as "Regional Stock Exchanges". These Regional exchanges were then replaced by even more wider,organised and demutualised Exchange known as "NSE" and "BSE". If this development continues then we may soon have WWSE(World Wide Stock Exchange) for all countries together! A wild idea.
Now on same lines if the fall of Dollar continues and Indian markets continue to surge then we may sometime see the equation as
Now on same lines if the fall of Dollar continues and Indian markets continue to surge then we may sometime see the equation as
Re 1=USD 50 and not as USD 1= Re 50.
What impact this will have:-
Re 1 = USD 50:-
Re 1 = USD 50:-
1)Brain Drain will be from USA to India and exams will be GRE with TOHFL(Test of Hindi as Foreign language).We will have AIT(American Institute of Technologies) and AIM(American institute of Management) instead of IIT & IIM.
2)Now passouts from AIT & AIM will vie for jobs in Indian Industies.We will come across Software industries with names like "KeshavRao-MadhavRao Consultancy Services".
3)The most acclaimed car would not be BMW but our true own Premiere Padmini Fiat.
4)Instead of Oscars, the most coveted awards will be Manikchand sponsored "Film Fare Awards".
5)No more public display of higher status by owning USA made goods but higher status will be in owning Indian made goods. Our very own Vada pav will be over Burger. "Mumbai Pav-Bhaji over McDonald".
6)Foreign author books will be replaced by Indian author books.Nokia,Samsung,Sony will be replaced by BSNL,MTNL.
7)Line will be outside USA visa office for Indian visa.People will try their luck for "Harra Patta" & not "Green Card"....
But this blog & its content comes with title "IF...."
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