The declining value of the rupee raises concerns for India’s economy

The declining value of the rupee raises concerns for India’s economy
The declining value of the rupee raises concerns for India’s economy

The declining value of the rupee raises concerns for India’s economy

The value of India’s national currency, the rupee, has declined fifteen percent in value to the U.S. dollar since the beginning of this year. Sumit Ganguly, professor of political science and director of the Center on American and Global Security at Indiana University, assesses how the declining rupee will affect India’s place in the global economy. (Photo: AP Images).