When narendra modi swept to power in 2014, he promised a “strong rupee, strong economy, and strong India.” Nearly a decade later, India’s currency has turned into a global punchline — mocked openly on American television.
On a recent Fox News segment, the anchor asked the US Treasury Secretary whether India’s rupee could challenge the dollar as a reserve currency. The question itself was laced with sarcasm. The Treasury Secretary responded with a smirk:
“There are a lot of things I worry about. The rupee becoming a reserve currency is not one of them. The rupee is at an all-time low against the US dollar.”
The studio laughed. india became the joke. And all thanks to Modi’s failed economics.
📉 The Numbers Tell the Story
2014 (Modi’s arrival): 1 USD ≈ ₹58
2023: 1 USD ≈ ₹83
2025 (current levels): Hovering even weaker, despite repeated RBI interventions.
That’s a 40% collapse in the rupee during Modi’s tenure — the steepest depreciation in independent India’s recent history.
Compare this with:
China’s Yuan: Relatively stable, managed by beijing with tight fiscal discipline.
Indonesia’s Rupiah: Volatile but showing signs of controlled recovery.
India’s Rupee: In free fall, hemorrhaging credibility.
🌍 From vishwa Guru to Global Comedy
Modi’s government shouts from the rooftops about “India as vishwa Guru.” But in financial circles, India’s currency is treated with pity — and now laughter.
Foreign investors treat indian assets as short-term bets because the rupee keeps eroding their returns.
Global banks refuse to consider the rupee in serious reserve currency conversations.
International media increasingly present India’s economy as “headline growth, hollow fundamentals.”
So when Fox news laughs and Washington mocks, it isn’t just about economics — it’s about India’s global respect being shredded.
⚖️ Who Bears the Burden?
Not Modi. Not his corporate backers. The real losers are:
Students studying abroad → every semester fee feels heavier with the falling rupee.
Families importing essentials → fuel, medicines, electronics — all costlier than ever.
Small businesses → imports kill margins, while exports don’t see proportionate benefits.
Every ordinary Indian → inflation eats away savings, wages don’t keep up.
Meanwhile, the prime minister still talks about “5 trillion dollar dreams” while the rupee burns in reality.
🤡 Modi’s Economic Theater
The bjp will spin this humiliation as “global conspiracy” or “temporary weakness.” But the fact remains:
India’s external debt has surged past $650 billion.
Forex reserves are drained regularly to defend the rupee, yet the slide continues.
Policies like demonetization and hasty GST rollout crippled domestic resilience.
Crony capitalism has concentrated wealth in the hands of a few, while hollowing out currency strength.
What’s left is global ridicule.
📢 Modi Has Reduced 1.5 Billion indians Into a Punchline
For a prime minister obsessed with image, what greater failure than to see his nation’s currency laughed at on global television?
india deserved strength. Instead, Modi delivered shame.
And when the world laughs at the rupee, it isn’t just mocking a piece of paper — it’s mocking the leadership that let it collapse.
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