Kolkata Stocks：Russia’s ＂killing＂ US dollar plan was stabbed by India, and the ＂BRICS furnishings＂ was looking for a sense of presence？
Since the Russian -Ukraine conflict, two countries in the world have performed vividly at everyday, one is Türkiye and the other is India.
The obvious characteristics of these two countries are that they want to mix in the West, but they are unwilling to be favored by the United States. The former advantage lies in the geographical location-Eurasian hub natural advantages, the latter is the status advantage, and the West has tried to attract objects in recent years.
Today, focus on India.
As the US strategic focus transfers Asia and strengthened its suppression of India, in recent years, it has been vigorously in southern Asia. Since Southeast Asia has a good relationship with India, India is not, so even if India buys Russian oil, how to be ambiguous with Russia, the United States will be in the United States.Bring it, I don’t want to destroy the original intention.
From a different perspective, India himself thinks that it belongs to the third world, but he still tends to like Western countries. Therefore, how Russia has a relationship with India, New Delhi will not be ambiguous, but he does not offend.Because of this preference, India has no sense of existence within the BRICS countryKolkata Stocks. They always think that their right to speak is not great enough, unlike all kinds of "being favored" at a meeting held in Western countries.
This idea has now been showed.This time, the BRICS conference hosted by Russia is the highlight of how to follow the way to the US dollar. To this end, the corresponding roadmap is proposed. The first thing to do is the "BRICS Payment System", that is,It is planned to be completed within one year and will allow countries to use digital platforms operated by the central bank for cross -border settlement.
However, India does not support it. Su Jiesheng said that India will not play "to the US dollar" in international trade. If other currencies have to be used, they will use Indian rupees.
The question comes, why not India?
In fact, the reason is very simple. India needs money and needs international capital. Obviously, there are more west and more stable.
Let’s talk about the capital market. In the past, the Indian stock market continued to make efforts, and foreign capital continued to increase. In the past 5 years, the MSCI India index rose 52%, which made the MSCI emerging market index 11%of the same period.
The point is FDI, India cares most.
According to the UN Trade Conference, the global FDI traffic in 2023 fell 2% to $ 1.3 trillion, but India’s foreign direct investment fell 43%, only 28.16 billion US dollars.
Looking at the past ten years, India’s FDI is the highest at a maximum of $ 64 billion in 2020. This is still a special situation in the epidemic. Last year, FDI accounted for only 0.71%of India’s GDP. It was a "wonderful" in the top ten countries in GDP.
You know, to what extent the economy can go and FDI is inseparable, India also understands this, so it has been very energetic these years, but it is still too slow.
Of course, India has an idea. The goal is to increase FDI by 50%each year, and in the next seven years, our goal is to attract $ 110 billion each year.
With so much money, the big head has to be out of the West, so let the US dollar stay away from India. India is currently unhappy, especially the country’s central bank data shows that the FDI header is the United States.Indore Investment
Looking at it, India is one of the veterans in the BRICS country, and the economic volume is great. Even if Russia has any ideas, as long as India does not agree, it is difficult to advance.Exit like "Stupid Genting", there is a position in it, the organization’s world influence is also great, and the strategic significance of a position is very important.
In short, the in -depth cooperation of the BRICS financial in the future requires time inspection. As long as the United States is separated, the trouble will continue.
Bangalore Wealth Management
