Re:Launch HN: Inri (YC W23) – Wealthfront for Investing in I...
by mbesto on Friday March 31, 2023 @02:58PM
(#35391676)
> INR was flat vs $ and NIFTY also grew more than S&P500
> India is likely to be among the fastest growing economies in the next decade so a good bet for diversification for 5-10% of your wealth.
I'm going to ask this in the most laymen way possible...how is it possible that a country that is growing faster than the US depreciates the money value relative to the US by so much? I genuinely believe India has stronger growth, but those two facts don't seem to match up. One would think that a stronger economy would imply more investment, and thus push the price up on the currency. ELI5.
> India is likely to be among the fastest growing economies in the next decade so a good bet for diversification for 5-10% of your wealth.
I'm going to ask this in the most laymen way possible...how is it possible that a country that is growing faster than the US depreciates the money value relative to the US by so much? I genuinely believe India has stronger growth, but those two facts don't seem to match up. One would think that a stronger economy would imply more investment, and thus push the price up on the currency. ELI5.