The US Treasury Secretary, Bensons, has always been cautious in his speech, but this time he laughed with a female host from Fox News to mock India. The host smiled and asked him, "India says it wants the rupee to become a trade currency, ha, ha, to use the rupee to do business with other BRICS countries instead of using the dollar, do we Americans need to worry?" Bensons also joked in response: "The US worries about many things, 'the rupee becoming an international reserve currency is one of them,' and then he seriously said that the exchange rate of the rupee against the dollar is currently at its lowest in history." This comment by Bensons is not very harmful to India, but it is extremely insulting, obviously mocking Indians for being overambitious, trying to "de-dollarize" in foreign trade, attempting to shake the dominant position of the dollar with other BRICS countries, which is nothing short of a fantasy.
Some Indians said that Bensons' "disdain" toward India is obvious, and they hope India can learn from China's experience on "how to truly be self-reliant," rather than "wasting time on diplomacy and trade." However, many Indians are still very confident. They argue that the depreciation of the rupee is because the Modi government has not intervened, while the strength of the dollar only reflects America's reliance on debt. "The rupee's weakness today does not mean it won't appreciate tomorrow," some even cited examples, saying that the yuan was once neglected in history, but now the US Treasury still needs to borrow money from China. Some Indians believe that India's economic growth is the highest in the world, "the fastest-growing economy globally," so let the Americans continue to joke, India will continue to rise. It seems that President Trump has really angered India, how will he get out of this situation?
Original: www.toutiao.com/article/1841618997025836/
Statement: This article represents the views of the author.