'A strong rupee isn’t a sign of strength. Undervaluing it is our path to success'

Описание: In his latest video with ThePrint, retired entrepreneur Jaithirth Rao proposes a controversial solution to boost India’s manufacturing and exports—undervalue the rupee. In this conversation with ThePrint's Theres Sudeep, he says that we must stop associating an overvalued rupee with a sense of machismo and make the sacrifice needed to get on par with our East Asian neighbours.
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00:49 - India’s ‘drugs’

3:28 - The signal of an overvalued currency

4:43 - The British kept an overvalued rupee

6:00 - why we never became exporters

6:42 - The rupee isn’t a symbol of sovereignty

8:00 - What happens if remittances dry up

11:11 - The China factor

13:16 - Indira Gandhi’s devaluation attempt

15:42 - Elite groups will oppose

19:35 - ‘Rupee should go to 110’

25:16 - An opportunity in 1973

28:00 - India exported people, not goods

30:36 - ‘There will be good inflation’

34:00 - India’s lack of urgency

37:20 - Can India handle the buffer period?
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