Can't afford another diamond.

"Data shows that India's nominal gross domestic product (GDP) has reached $4.18 trillion, placing it in the fourth spot behind the United States, China and Germany." The International Monetary Fund's (IMF) "projections for 2026 put India's economy at $4.51 trillion, compared with Japan's $4.46 trillion." The government projects a GDP of $7.3 trillion by 2030. NDTV. Since India produces in rupees, the exchange rate against the dollar will have an effect on GDP ranking. The rupee depreciated 5% in 2025, from 85.65 on 1 January to 90 against one dollar on 3 December, despite the Reserve Bank's (RBI) efforts, and was Asia's worst performing currency. FE. India really needs to grow faster because, "Per capita GDP - the real deal - is estimated at $2,818 for 2025-26 and puts India among the 50 poorest countries," wrote Pragya Srivastava & Payal Srivastava. While overall youth unemployment is at 3.2%, unemployment among graduates is at 13% and among postgraduates at 12.4%. "Only 1% of households control around 60% of total wealth in India," and "the super rich in India, estimated to be around 3 million households hold $2.7 trillion in liquid financial wealth, reported Business Standard." Saurabh Mukherjea and Nandita Rajhansa have coined the term "octopus class" for around 200,000 families across India, "in small towns as well as big cities, or nearly 1 million people, who control nearly 80% of India's wealth." ET. "The rupee finished the year at 89.87, marking an annual 4.72% decline, its worst showing since 2022, when it dropped nearly 10%." India's balance of payments slipped into a roughly $22 billion deficit between April and November. This is despite the dollar index dropping 9.5% which supported most Asian currencies. Reuters. The RBI had a greater tolerance for the rupee depreciation in 2025 and foreign portfolio investors (FPI) sold Rs 1.58 trillion worth of Indian shares, wrote Subhana Shaikh. Net Foreign Direct Investment (FDI), which are thought to be long term investments, dropped to just $0.96 billion in FY25. Net FDI was $10.9 billion in FY 24 and $43.9 billion in FY21. The Federal. Remittances by Indians working abroad jumped 14% to $135.46 billion in 2024-25. newsonair. gov.in. The US is to impose a 1% tax on remittances by foreign workers from 1 January 2026. In 2023-24, Indians repatriated nearly $33 billion from the US. FE. "One of the Indian economy's most urgent needs in 2026 is a win-win trade agreement with the US, without which the cumulative impact of high tariffs could begin to weigh heavily on growth, jobs and competitiveness." ET.  The most expensive gift received by President Joe Biden's family in 2023 was when "first lady Jill Biden was presented with a 7.5 carat diamond worth $20,000 (roughly Rs 1.7 million) by Prime Minister Narendra Modi." The Wire. Betting on a Biden victory in the 2024 election was a blunder. Akin to placing all your money on a three-legged horse in the Kentucky Derby. Buying another diamond will drop the rupee even further. Better to rabbit on about the GDP.