Is E Rupee the Next Big Thing in the Indian Economy?

There is no competition between two RBI apps. But UPI will be very costly, compared to CBDC, it is for sure. Government may withdraw compensation which is in crores, to third party apps

I want Ispirt to work on EPFO portal...😢

Wow, brilliant 🎉🎉🎉🎉🎉. Im a black woman in the US and never liked US. Im so excited for India.go go go go go🎉🎉🎉🎉🎉

so simple and enlightening...❤

Russia is growing increasingly apprehensive in trading in INR given that the trade imbalance is causing them to hoard a lot of INR in their reserves which is not useful to them. I guess India is offering the idea of using that INR to invest in Indian capital markets but Russia doesn’t find that appealing. There is still a very very long road ahead for INR to have much significance in worldwide trade as per current scenario

Loved the subtle dig taken at the US!

But u need a rupee that's fully convertible.

🕉️ Hat's off to U & I spirit team..Thanks 4 posting..

But the USA will try to make a barrier towards this shift, as they also know they would lose their world dominance.

It will take minimum 10 years for this to happen

Which fool has put up the title "end of the dollar?"

The Rupee is not even convertible to begin with. On top of that, no sovereign wealth fund will invest the majority of their assets in anything but USD denominated assets be it stock, bonds, commodities. Fools talk of the demise of the USD now.

What about privacy, freedom, will b gone!

Despite my dislike for US dollar ...No other fiat currency or E currency has the capacity to replace US dollar....

Although we banish the Gold standard and Bretton woods agreement ,Yet Gold is still Exhange rate stabilizer, unsurprisingly USA holds the highest Gold reserve its Gold reserve is more than that of China and India Gold reserve combined.
Furthermore there's a reason why every country have their foreign reserve in Dollar.
So Dollar will remain king for atleast another decade.

Russia declined to accept INR and preferred to trade in Dirham . How do you see Rupees rise in this context?

Fan of learn app
You videos are creative and amazing to watch and learn 😊❤

Ispirit ✨🌟💫

Pushing the algorithm ❤

राम राम जी
अद्भुत व्याख्या करते हैं।
धन्यवाद
क्रप्या हिन्दी दर्शकों को भी सिखाये।
धन्यवाद।

Appreciate ur & ur team's effort Prateek. The visuals, graphics and the way you simplify the information for even the layman(me😬) to understand in my opinion is amazing. Its hard to find content like these which truly educate oneself. It's only a matter of time for this channel to get so much traction/subscribers because it's a gem but people don't know it yet.

you are analyzing or this is your idea?. because fact is something else,

Excited to see the developed India 🎉

It is a really nice video explaining how the rupee will be traded. I was always curious on how the rupee will be traded as our country announced that it will start trading in rupee.

I did

.... what about inflation in India 😮

Therefore, as we have opportunity, let us do good to all people, especially to those who belong to the family of believers.

Go ispirit !

Love ❤ india..jai hind

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I agree with you,future tho bright hai pakka.

Subscribe kiya

tu to nhi pronounce kr pa rhe pr bhai tu q angregi me gyaan pel rha hai hindi bhi to boli ja skti thi

Subscribed 😅

Kindly make more knowledgeable videos like this on economics & businesses

make the video crisp, too much verbose affects the attention span as well,
also using more infographics would help

Wow , great way of presenting. Really looking forward for more informative videos like this

This is very poorly presented. Russia and India still buy oil in USD after 2 years of the eRupee. Russia cannot use it's erupees as India does not sell anything Russia wants to buy so the eRupee failed as an international currency. India has shown with the failure of Andani, that it's lack of transparency rules, that Indian investment carries excessive risk. India has a long way to go before it can be considered a global currency. Historically global currencies are a byproduct of strong economies. It used to be sterling (British), then the Swiss banking sector had a brief run before the usa became dominant. China has huge international trade, and is trying to push it's currency, but lack of trust in it's banking and government transparency is holding it back. Today the Indian government regulates it's business investment (ex Apple could not open a store until it built sufficient phones in India). A few very large conglomerates control a large amount of India's businesses, which limits competition and discourages global growth. UPI was a success in India because it was a cash economy. It has had limited appeal outside India as those economies run on credit cards and people carry a negative balance. Credit cards guarantee purchases and promote online trade, while UPI fails miserably here. ONDC has had very little growth, and while I have an eRupee account, nobody uses it. Sorry you have not shown any reason why an investor would park thier money in rupees and watch it devalue against the dollar or euro

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Simplified Informative video👏👏

Awesome

ISPIRIT 👏👏 LearnApp team 👏👏

Good Knowleldge.

Keep making these type of videos❤

Everything is going to be beautiful but do you think tax on Indian stock market is superb? Being various heads of taxes imposed by government is unique and no where in the world exist. Many HNI are moving to the other markets to save the unjust taxes imposed by Govt. Please discuss on it and advice . LTCG tax also to be discussed. Thanks and regards 🎉

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Bhai... U made a good point... But this idea is still very far fetched... Dollar still stands very strong.... India still doesn't have the strength to counter Chinese economy.. Let alone USA.

This chest thumping and thinking that world will revolve around India seems an idea for the right to please their audience.
Many noted economists have clearly shown that de throning dollar isn't an easy task

The way you explain the dedollarization and the acceptance of rupee is amazing.

Great knowledge...❤

Editing is awesome and the book coin part was great too

Excellent info .. love watching your videos .. wonderful presentation..keep it up guys .. learning something new every time 👏🏻👏🏻

if Rupee going to be strong stronger strongest ... then our IT services will get less dollar revenue... could you please have a session on this for long term view for IT sector as we are exporting our services in Dollars..