Panagariya Highlights Benefits of Currency Depreciation for Exports
Arvind Panagariya, chairman of the 16th Finance Commission, explains that currency depreciation can benefit exports by making domestic products more competitive despite rising import costs. He advocates for tariff cuts, removal of quality control orders, and revising bilateral investment treaties. Panagariya notes current economic stability and forecasts 7-8% growth, expressing optimism despite external challenges.
Times of India·



