Indian Rupee Crosses 90 Against Dollar Amid Investment Shifts & Services-Led Growth

In this special report, the focus is on the Indian economy as the rupee crosses the 90 mark against the dollar. The speaker highlights that gross fixed capital formation has grown by 8% alongside GDP, despite concerns about private investment. A key insight offered is the decreasing capital intensity of the economy, driven by a shift towards the services sector and increased efficiency. The discussion also covers the central bank's policy of not targeting specific currency levels, aiming instead to curb excessive volatility. Additionally, the report notes a transition in investment focus towards renewable energy, defence, and electronics.