Ambitious Agenda Set For Modi 3.0

In an era characterised by swift and often unexpected changes, careful navigation through stormy waters internationally is essential for India to ensure its place as the third biggest economy in the world by 2028, not just in Purchasing Power Parity terms but US dollar terms.

- Vivek Joshi

It is to the credit of the Reserve Bank of India under the leadership of Shaktikanta Das that the rupee has not breached the 100 rupees to a dollar mark that short sellers in the rupee were aiming at over a year ago. Each rise in the value of the US dollar when exchanged for rupees makes the situation more difficult for the economic managers to ensure the high rates of growth needed to ensure that the ever-growing cohort of youth that enter the job market every year get gainful employment.