2min chapter

The Seen and the Unseen - hosted by Amit Varma cover image

Ep 252: The State of Our Economy

The Seen and the Unseen - hosted by Amit Varma

CHAPTER

I'm Not Saying It's Easy to Get Out of This

It's not as though the government is artificially keeping the rupe hih or keeping it uncompetitive. All of that flood of liquidity across the globe is coming into india in the form of investment, and that's driving the rupe higher. Therefore, weakening the rupee would actually require more intervention from the government than its current rade. And any timeyou try and do something drastic like that, it can have massive second and third and fourth order effects. I'm thinkg it's going to be really difficult to get out of this. It may be forced on you.

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