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India’s Economic Evolution: INR’s Role, Policy Shifts, and Future Growth Opportunities

India boasts a stable currency, alongside strong macroeconomic fundamentals, government policies, ample foreign exchange reserves and a vibrant economy. With its focus on leveraging global value chains to boost their local manufacturing industry, they have an aspiration to achieve the exports of USD 2 Tn by 2030. This case study, featuring insights from Shamit Chokshi, Head of Offshore Fund Investments from ICICI Prudential AMC, seeks to explore the integral role of INR in the global economy as India navigates its way through a series of challenges including the rise of crude oil prices and the recent inclusion in major local currency bonds indices.