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India’s economic debate heated up today as PM Narendra Modi addressed the growing concerns around the Indian Rupee weakening against the US Dollar. While critics have been questioning the dip, PM Modi explained that the global economy is going through unpredictable turbulence — and every currency in the world is feeling the shockwaves.
According to PM Modi, the Rupee’s movement isn’t just an “Indian issue,” but a result of:
Worldwide inflation
Red-hot oil prices
Global supply chain disruptions
International conflicts affecting currency stability
Strengthening of the US Dollar globally
PM Modi stated that India’s economic fundamentals remain strong, and despite the Rupee’s pressure, India continues to:
Remain one of the fastest-growing major economies
Attract record-breaking FDI
Lead in digital payments and manufacturing
Increase exports and infrastructure investments
Maintain stable banking systems
He assured that India is working on long-term currency stability, pushing for:
Stronger domestic production
Reduced import dependency
Increased global trade reach
A more resilient economic ecosystem
While opposition parties are using the Rupee’s drop as political ammunition, Modi emphasized that currency fluctuations are normal in global markets — and India is still progressing faster than many developed nations.
In the middle of political noise, the question remains:
Is the weakening Rupee a temporary global effect… or a long-term challenge India must brace for?
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