The Fall of the Indian Rupee in 2012- 2013

Hare are ten possible reasons behind the fall of the Indian Rupee by almost 20 percent from July 2012 to  July 2013 against major global currencies::

1.  Slowing GDP growth from near 10  to 5 percent.
2.  Increasing trade and current account  deficit.
3.  Underlying inflation.
4.  Indian human capital going to greener pastures. Confidence in the economy is less than before.
5.  Indian financial capital going abroad. Foreign capital going back home or elsewhere.
6.  Political complexity and indeterminate state of indistinguishable leadership across political parties.
7.  India becoming dependent on handouts and distributive justice towards more equality.
8.  Group identities based on caste, social status, region, and religion are driving the political economy.
9.  Corruption, indifference, disrespect, disregard for honest day's work,  and low quality and creativity.
10. India's globalization creates opportunities and competition which at present favor other economies.