Dollars collapsing impact on self Employed people

This article is not against any country, it only discusses the extreme dependency of one on another. Every country should be self-dependent (#atmanirbhar) and do a healthy exchange of services and goods.

Indian bloggers, YouTubers, freelancers, and many more get their earnings in dollars, which if due to any reason collapses their earnings will also collapse. They pay taxes depending on their slabs, (5%, 10%, 20%, or 30%), which means this also has an impact on their country (online workers make a big contribution to the nation).

Anyway it does not makes sense, if I work from India and my services are enjoyed mainly by Indians but I am earning in "American" dollars.

Why it is not good (People say this with joy “I earn in dollars and spent in Rupees!”.

America in the last several decades has been using the resources of the planet in such a way that if every country starts demanding as much we will need 3 piles of earth. But this is changing rapidly now, as countries are becoming more aware, powerful, developed like China, Russia, India, and a whole lot of others, they demand or just take their share, like jobs, talents, food, oil, etc, all distributed to different nations, not concentrated in the USA from all over the world.

It means in the USA we will see a rise in unemployment, reduced GDP, reduced growth rate, but other nations like China and India will have great annual growth rates, GDP, and living standards of their citizens. Hence, it's more likely that the Dollar will lose as compared to other currencies and people who do not have to do anything with the US will be impacted.

What's the solution?

See, let’s say I have a great blog, readers love it and it shows ads to support me and when one reader visits an ad (just for this example) I get 1 USD. This is my earnings, for my provided services, not Google’s, not Meta’s, or Apple’s. That one click is valued at 70 INR (just for example).

What if the ad company was from India, paying similar bucks but in Indian currency, then the only thing that impacted the creator’s earnings was what’s going on in India. All the tax will go to India, with little delay, greater trust as the company is not on the other side of the pacific ocean.

So the solution is to start Indian counterparts of Google Adsense, Youtube, Facebook, and many others and I know since these companies are empires with immense power this is going to be hard, But the Indian government can support it in the name of local business and avoid a situation similar to **August 24, 1608,**, when East India Company entered India for financial intentions and very, extremely slowly over the span of 300 years got into power.

Just imagine it took more than 10 generations to achieve this, certainly, no one could have seen it until it was visible and too late. Today companies like Twitter and Google are making smaller deals with several ministries to provide for their needs hurting Indian companies like TCS and Infosys. We might not see the big picture as the growth in power is not visible to us but if it's not in check, the 5th or 10th generation from now may see a different picture with companies in the name of defense of their property start building security structure and before you know they start policing.

Hence I think we should learn from our history and keep foreign companies in check until some national counterpart is created and supported.

These Indian companies will also remove our dependency on others in several aspects.