Indian government will create currency, about ₹9 lakh crore, out of thin air. This is about US$ 139 billion. It will be used to make the banks solvent and build roads.
India's M3 money supply is about ₹8.3 lakh crore. So Indian government is more than doubling the money supply. So during the next couple of years we will see a huge inflation. Specifically:
- Real estate will go up
- Stocks will go up
- Gold and silver will go up
- Anyone with wealth in bonds, fixed deposits, PPF, etc will effective lose wealth.
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