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12min chapter
Martin Wolf talks to Arvind Subramanian: India, the next economic superpower?
The Economics Show
Navigating India's Economic Dilemmas
This chapter examines India's exchange rate policies and the central bank's efforts to stabilize the rupee while grappling with the consequences of such interventions. It critically analyzes the government's investment strategies, protectionist instincts, and the influence of major conglomerates on the economy, revealing the complex interplay of economic growth, foreign investment, and societal implications.
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