Dependency on FDI to strengthen the Indian economy and the falling rupee will not help. The solution lies in innovation and strong exports.
A simple explanation in layman’s terms of the economics of how the banking system works in India.
The ministry of Finance of the Government of India had announced an open competition in 2009 to design a currency symbol for Indian Rupee that would represent the cultural and historical ethos of India. Note that Russia has been trying ever since early 1990s to find a brand symbol to its currency Rouble!
Take any currency note and have a look at it. You will find wordings similar to this. "I promise...