Should all Indian states (provinces) also have local currency in order to boost their local economy?
No. To boost an economy and to narrowing the gap between the rich and the poor of the country, proper planning, proper implementation of different executing authorities of those plannings is very much in the need. One more dangerous thing is corruption and black money, backed by big houses and dirty politicians. Go though the GDP and inflation rate, surprisingly prices of the commodities are going higher and higher day by day, but the rate of inflation is not to that extent. Actually, we are not economically planned or we are probably still in the British policy of the economic development calculations. And we do not have our own policy. Our policy makers and law makers are very much incompetent to bring forward a balanced economy. What kind of economic, education, cultural, judicial, defence, health policies our Government is maintaining ! Probably all of them are influenced by so called British policies. We are not encouraging ourselves to establish our own economy. The economy our c
You cannot narrow the gap between rich and poor by just changing the currency for each and every state. Imagine the difficulties that a tourist or a local would face if the currencies in a particular country changed in each and every state, they would have to go to the foreign exchange each and every time they change a state and how difficult would it be for a person to remember the exchange rate of every state currency. as well as don’t you think that the value of every currency would differ with each and every state which would make it difficult for those traders who deal in different states,as well as it would be difficult for all to remove money from different ATM’s differing the currencies.
