Undoing the damage UPA-2 has wrought

Until last year, most commentators envisaged the possibility of the INR taking its own place in the world following the example of the CNY (Parts 1 & 2 of this 3-part series) as an increasingly significant trading currency. They thought at first that the INR would be a significant regional (2015-2020) trading currency and later (2020 onwards) a globally significant trading and reserve currency.  But the mess that the UPA-2 coalition and Central government have made of the Indian economy...

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