The Indian rupee has declined by 9 percent against the dollar in the last two years, but if trading is done in rupees instead of dollars, this value may increase. In such a situation, in an interview given to a newspaper, Union Home Minister Amit Shah said that India’s talks with many countries to adopt the method of paying for imports and exports in Indian rupees are in the final stages and the Central Government is giving it priority. ,
It is noteworthy that India is a net importing country and depends on 85 percent imports to meet its domestic requirement, especially of crude oil. In such a situation, if the country’s import and export transactions are done in Indian Rupees instead of dollars, then the country can benefit a lot. Amit Shah said that while India’s export trade has increased, India is also seen as a potential hub for international manufacturing. Every year India’s economy is touching new heights.
On US President Joe Biden’s allegation that the economies of India, China, Russia and Japan are slowing down due to racial discrimination, Amit Shah said that he has not seen Biden’s comments in detail. Growth graph of India’s economy in the last decade This is proof that India’s economy is touching new heights. In the last ten years, India has become the fifth largest economy in the world and the roadmap is ready to make India the third largest economy in the next two to three years.
