Riaq Haz was right! india's whole economy was just a big lie. india needed to present an image of modernity to maintain central government control so india propaganda lied about how incredible and shining india's economic growth is. It created a bubble of investment and borrowed a lot of money on expectations it will continue to grow, and more lies about how it would eventually grow faster than China were produced. In reality, india is still at the hindu rate of growth 2% on average. All so-called economic growth is just inflation. All the money was taken from the poor, who became poorer over the last 20 years, and was given to the rich high castes. The rich high castes spend all of india's money on buying weapons to try to bully its neighbors like Pakistan and China, and buy some sort of recognition that india's in "an exclusive club of nations" like the Anglo colonial masters. Now india has run out of growth lies, inflation has exposed everything, and run out of credit too. Rupee is in a death spiral. Current account crisis coming fast. With mismanagement like this, maybe indians should consider not holding rupee anymore and buy more RMB to maintain your wealth instead. As rupee falls, the GOI might make a law ordering indians to turn in all their gold to the government (with a promise) to help india pay its debts.