I am neither a Pakistani nor a chinese. I am just not an Idiaot.
You Dodged my questions.
1) If US and China can have a high export inspite of appreciated currency, why India can not have?
2) Your post has the answer of your question itself. Explain me why India's trade balance is not increasing inspite of INR devaluating. Now check the same figures of Vajpayee ji's era of 2003 to 2005. INR appreciated and trade balance improved. Both happened simultaneously. Even look at the FY 2020-21 to date. INR has appreciated and We are in trade surplus today for current FY. Now explain these phenomenon applying your logic.
I don't believe you understood what he said. If your currency appreciates, it won't result in you exporting anything, it is just a factor which helps massively. It boosts exports.
Take this example,
You(living in India) own a toy factory, exporting toys to, say Nigeria. When the RBI devalues the INR to say 140, the value of the INR may have reduced, but the cost of manufacturing will remain the same WITHIN India. So if it used to cost 140 INR to manufacture a toy, after devaluation, it still costs the same, but when converted to USD(which is the standard used in intl. trade), it's price changes from 2 USD to 1 USD. When you are buying something, you buy stuff which is cheaper. Currency devaluation does that. It makes stuff cheaper.
It is also unwise to rely on charts showing how the INR progressed with respect to the USD over the last 2 decades. As one country devalues its currencies, other countries follow suit to remain competitive.
