One of Our G.A's best and brightest Students Miss. Jogia Who is Only 12th Grador Posed This Question. Answer to this question has various variables.
It is an economic domain question and as such the Respone can be found in Multi-Facet answers. Robust Currency Has Plenty Of Merits and Google of Demerits. India happens to be an Importing nations and as such stronger currency is viable. It is always better to have robust economy if your nation is importing nation as is the Case of india where india imports around 60% and exports in the tune of 40%. India has been making herculean efforts to become nippon style exporting nation and for that archivement india needs lower Currency b'coz lower currency connotes india will benefit in export nipponic Style. Indian Govt. Can make indian currency robust by making it Fixed Currency ratherthan Floating currency based on Demand and supply. If indian Govt. Restrains M1 or infusing by minting restricted amount of indian rupees currency will be Automatically stronger like "Demand goes Up Provided supply comes Down and Price Goes Up"
Hence india can Morph the price of indian currency by ratcheting it up or ratcheting it down. Another fixed currency mechanism the currency value can always stay where ever Govt. wants it to Stay but if Govt Leave the currency value to the equilibrium of demand and supply meaning Govt. Either ratchets Up Supply of M1, M2 and M3 then value of currency will tumble as in the case of indian currency and also nipponic Yens but if Govt. Decides to ratchet down M1,M2,M3 then currency value would tend to jack up and indian rupee will become stronger but not better as india has been striving to become and exporting nation and You can become an exporting nation by sticking to cheaper currency and indian rupee has been constantly and steadily becoming cheaper in the global market making indian products and investing in india cheaper, Cheaper products cheaper land, cheaper raw Material, Cheaper Labour Cost, Cheaper, Currency, Cheaper Overheads, Cheaper Transportation, cheaper White collar help, cheaper Blue Collar Help, Cheaper Pink collar, Cheaper taxes and better yet better cheaper to keep Business. This is A choice and not chance that Nipponic Yen and indian Rupee Both are dirt Cheap b'coz both the nations are on the exports trajectory. To make indian rupee Higher Valued with higher fundamentals Dragonic style meaning currency value must be in equilibrium connotation is currency value must be quite moderate meaning currency value must be low enough to support national exports and high enough to support national Imports. In a nutshell, currency value of dragon, Eagle and umpteen Tiger Nations has been in such an equilibrium that their impex or exim do not suffer and balance between exim is Struck.
So following are accountable factors Nation Can Dwell Upon to make currency In emicable Equilibrium to pamper National exports and imports both.
- Robust economy.
- Lower inflation.
- 0% shoddydough.
- 0% corporate Kleptocracy.
- Higher PCI (Per Capita Income).
- Higher PCP (Per Capita Production).
- Lower Sovereign Debt.
- Lower Govt. Spending.
- Higher Govt. Spending on Sez, Infra And IND-Parks.
- Robust boost to exports.
- Minimal Taxes, Minimal Interest.
- Smaller Size of Government.
- Planned subsidies and Packages.
- Robust boost to Forex Earnings.
- Robust boost to derivatives earning.
- Elevated G.D.P, G.N.P, G.N.H AND G.N.C.
- Gingerly Carved FII's, FDI's, AND FOREIGN INVESTMENT POLICY.
- Elevated corporate normal Profits.
- Robust boost to SEZ and Industrial parks.
- Robust elevation of Millennial Mobilivation.
- Economic equilibrium.
- Stable economic growth.
- Stable eco Policies By Govt.
- Economy free off Inflation, Deflation And Stagflation.
- Creating demans, Not Only Pandering Demand.
- Robust Boost to Conspicuous Consumerism.
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