Indian Rupee has hit an all time low of Rs 65/US$ and now it seems that Indian government is helpless to stop the outflow of capital. Indian Goverment is using all the tips and tricks under its belt to stem the downflow of the rupee, but it seems helpless.
The real problem is Indian exports are virtually worthless in today's international market. Our products are virtually null and all we export comprise of Raw materials and agricultural goods which are not that much. We need to develop industries which can give value added products for exports.
In a recent article India's Problem is Exports, Not the Rupee, the writer has pointed out the same
The real problem is Indian exports are virtually worthless in today's international market. Our products are virtually null and all we export comprise of Raw materials and agricultural goods which are not that much. We need to develop industries which can give value added products for exports.
In a recent article India's Problem is Exports, Not the Rupee, the writer has pointed out the same
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