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What the Falling Rupee Means for India's Economy

Jul 19, 2018 | 09:00 GMT
A weakening rupee against the U.S. dollar, rising oil prices and other economic vulnerabilities point to challenges for India, and for Prime Minister Narendra Modi as he campaigns for re-election in 2019.

A weakening rupee against the U.S. dollar, rising oil prices and other economic vulnerabilities point to challenges for India, and for Prime Minister Narendra Modi as he campaigns for re-election in 2019.

(Shutterstock)

With a gross domestic product of $2.6 trillion, India recently eclipsed France to become the world's sixth-largest economy. What's more, the South Asian country of nearly 1.3 billion people is home to the world's fastest-growing economy, having edged out China with its 7.7 percent growth rate from January through March. While these figures are impressive, they rest uncomfortably alongside less sanguine facets of India's macroeconomic picture....

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