Should RBI Let Rupee Fall? Gita Gopinath Explains PM Modi's Economic Warning
As Prime Minister Narendra Modi urges citizens to "spend wisely", avoid unnecessary imports, cut overseas travel and embrace work-from-home measures amid a deepening global crisis, economists warn that India could be facing its biggest oil supply shock ever. In this detailed conversation, economist Gita Gopinath explains why the weakening rupee may actually be necessary to help India reduce imports, boost exports and stabilise the economy during a period of severe global uncertainty.
