HOMEIndia News
| Rupee devaluation harmful for India’s long term interest: Goyal | Writer | Admin | |||
|---|---|---|---|---|---|
Devaluation of currency to boost exports would not be in the nation’s interest in the long run, commerce and industry minister Piyush Goyal said on Wednesday. He pointed out that rupee devaluation could create inflationary pressures through costlier imports, pushing up interest cost and making products uncompetitive as India is largely import-dependent for raw materials.
The minister said that it was important for India to expand exports significantly and encourage investments to increase foreign exchange inflows into the country
Read more at: https://www.livemint.com/economy/rupee-devaluation-harmful-for-india-s-long-term-interest-goyal-11650475022874.html |
| No | Subject | Writer | Date |
|---|---|---|---|
| 409 | Export ban shakes world markets, wheat prices up 6% | Admin | 22-05-30 |
| 408 | Rupee devaluation harmful for India’s long term interest: Goyal | Admin | 22-05-03 |
| 407 | Adani JV, IdeaForge among 14 firms selected as beneficiaries of PLI scheme for d… | Admin | 22-05-03 |
| 406 | Lava eyes long-term association with supply chain partners to rebuild smartphone… | Admin | 22-05-03 |
| 405 | Omega Seiki Mobility plans to set up world's largest electric three-wheeler plan… | Admin | 22-05-03 |
| 404 | India's trade deficit rises 88 pc in FY22: Govt data | Admin | 22-04-19 |
| 403 | iPhone 13 is latest Apple model to be made in India | Admin | 22-04-19 |
| 402 | UAE-based retail major Lulu Group to invest Rs 3,500 crore in Tamil Nadu | Admin | 22-04-19 |
| 401 | M&M says deal to sell SsangYong Motor terminated | Admin | 22-04-19 |
| 400 | IT hardware PLI: Only 2-3 of 14 firms likely to meet first-year targets | Admin | 22-04-04 |