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Thank you sir. Actually I didn't frame my question about properly the other day. I do have some understanding of why the inflation is happening in US and GDP contracting. What I don't getis why USD is increasing so much. For example, USD is in 20 year high compared to Euro). While other members...

This is the second quarter in a row that the GDP of US is below zero. Yet USD is becoming stronger. I don’t understand this. Can you please explain?

It's raining daily in Jharkhand from the last few weeks.

Sometime back the Supreme Court said that the recommendations of GST council are not binding on the states. Any update on how this effected the implementation of GST? I read reports back then that states can now reject GST, which can bring back old things like long queues of trucks, for...

Well, the entry level pay is not good. But the salaries at medium-to-high level faculty need to be capped. It's very disproportionate to the efforts put in. Rather this extra money should be used to fund more research proposals. I am appalled at the level of corruption and the attitude of the...

Do the countries above India also have a significant informal economy like ours?

Expected more. War, global trade made a difference. Not sure how this quarter would be. The cheaper Russian crude will have a positive effect. Inflation negative.

Chandragupta be like...

I read somewhere that Russia is selling the oil at 75% of pre-war price. Can't recall the source though.

Source for these figures, please?

Effect of purchasing crude oil from Russia?

I don't think so. Any recent action in that direction, or just venting off the anger??

We were like that previously. Similar, but a little small, like you said. See the pic below: From there we got attracted to tall buildings which Haldi nibba posts all day. Now we want to go back to those homes. This completes the circle of life.

Just cheched the major currencies of the world. All of them depreciating against the dollar in the last one month, except ruble. Can someone explain this trend? Thanks. @Haldilal @Crazywithmath

Isn't that the purpose?

Thank you sir for the elaborate answer.

Since the whole discussion started with comparing India and Bangladesh GDP, if we say that we have an informal economy, that is true for even Bangladesh. Also 52% was 3+ years back. Some media reports quote an SBI report which says that the informal economy is about 20% of the formal. This rate...

This is interesting. So, are not all industries considered in GDP? Any examples of the industries which are not counted in GDP calculations as on today?

I don't know how much these long term or even medium term projections are reliable. Many factors come into picture- trade agreements, how COVID turns out in the future, who makes the next government etc. Any idea if IMF considers such factors, or are these projections based on today's scenario?