The rupee is falling until it doesn’t and reverses course. The rupee falls because of numerous reasons primary among them being increased imports of oil and gas due to high growth. Increased exports have just started showing up in the numbers as India exported $750bn in exports for the first time ever. With the work on solar (go read about the progress of international solar alliance and the work done in Gujarat etc), hydrogen, EVs, flex petrol, etc the demand for oil and gas will only go down in 5 years.
India’s economy is getting a push as is clearly visible from some indisputable numbers like the digital transactions, sales of cars, homeowners count, etc. It’s just that all sources of income are not yet formalized in the huge country that is India so there is some extrapolation that needs to be done.
The Guinness book has recognized the Indian govt’s work for the most kilometers of roads constructed in a day and the new methodology is in use in other countries like the US as per the Minister, then it means the foreigners must be okay with manipulated numbers.
India’s economy is getting a push as is clearly visible from some indisputable numbers like the digital transactions, sales of cars, homeowners count, etc. It’s just that all sources of income are not yet formalized in the huge country that is India so there is some extrapolation that needs to be done.
The Guinness book has recognized the Indian govt’s work for the most kilometers of roads constructed in a day and the new methodology is in use in other countries like the US as per the Minister, then it means the foreigners must be okay with manipulated numbers.