How about Malaysian Ringgit, Indonesian Rupiah, Indian Rupee and others?
Are they collapsing too?
We live on a globalized economy now. If you look at Ukraine, Russia, Egypt, Argentina, Europe, etc., America's [inflationary] monetary policy is directly having catastrophic effects on all of those countries' economies and currencies.
So yes, India et al will not be able to keep up with the US, they cannot borrow their way out like the US so therefore, their currencies will be much more quickly destroyed via extreme inflationary [excess printing] policy.
This is very good news for gold, silver and especially Bitcoin (and crypto) as there will be very limited places for billions of people to put their earnings and cash savings.
This is why the Bitcoin ETF will open the floodgates for trillions to dollars to come into Bitcoin and crypto. And it should all start this year and it should blow up very very fast.