New rupees symbol and the India's optimism !!

It gives me immense pleasure as an Indian that we are now among the exclusive club of the countries which have their own symbol for their currency. It will soon appear on the Indian currency and will get its place in the world economy. It will raise India's economic profile. The symbol very well represents the Devnagri and Roman script. At the same time it also represents the present Indian culture - Original Indian culture influenced by the western culture.

But this is not it !! India is very optimistic for the symbol that it will raise the profile of Indian economy in the world economy . there is hardly any justification for this optimism. The basic reason why any currency would have its own symbol is so that it can easily be distinguished in the global financial transactions. At present the US Dollar, Japanese Yen, British Pound and European Euro are the most freely convertible currencies in the global financial transactions. Indian Rupee is nowhere used for any international financial transactions. So unless and until the Indian currency gets its place in the international transactions the symbol for the Indian currency will not get its place in the global economy. We are fool if we think that the world will eagerly take to the new rupee symbol.

We live in a country where we can see the growing economy but the signs of it is visible in the smallest part of the country. There is a huge region in the country which is still not getting the basic things of the life to live. We live in a country where 15 out of 28 of its states are having the violent internal conflicts. Despite of this growing economy we see the urban-rural divide, very high unemployment rate, farmer suicides and chronic hunger ! We might see the days when all of the states of the country will be infected by this problems.

To tackle all of these problems and to prove the meaning of the symbol we need to do something for the country so that the next generation of the country can live in the peaceful India with the very powerful economy in the world.

The best way for this is to start with the youth of the country. As Chetan Bhagat's recent article 'The Wrong Diagnosis' in the TOI, he has shouted about all of these problems in the country and how to tackle them ! I suggest you read the article and not only just read it try to implement it. Do something for the country before its too late !!