Sanyal Sees Rupee as Global Currency by 2030 Amid India's Economic Resilience
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Sanjeev Sanyal projects Indian Rupee will emerge as global hard currency by 2030 as government has taken steps like anchoring inflation, liberalising use of rupee, internationalising UPI.
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Sanyal expresses confidence in India's economic resilience amid global uncertainties, sees 6.5-7% GDP growth achievable in FY24.
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Steps taken to establish rupee as hard currency are part of gradual process, similar to path taken by China.
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Sanyal believes India managing robust growth despite weak exports, criticises sovereign ratings by global agencies.
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Significant reforms like GST, IBC, infrastructure building have positioned India for 8% growth sustainability per Sanyal.