Great FDI non-reform

The dollar-rupee rate status has been made into a crisis and that crisis has perpetuated a set of announcements on easing the norms that govern FDI. It is not clear whether the fall of the rupee was a crash or a correction. Some, such as I, believe that it was a long overdue correction given higher and persistent inflation in India than in the developed world. Others, such as those in the government, put more emphasis on the possibility of greater inflation due to cheaper rupee.

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