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Context: Prosperity is possible and best accomplished by the goal of making the rupee a global reserve currency by 2047. Conditions are opportune. An analysis.
Characteristics of Reserve currency
Official foreign exchange reserves of about $12 trillion across 150 countries are currently stored in eight currencies:
Positive Global environment
Global factors which indicate that India can target making rupee a global reserve currency.
What needs to be done?
Economic policy must try to achieve the following
Four, these goals must be complemented by reinforcing institutions that signal rule of law, cooperative federalism, press freedom, civil service effectiveness, and judicial independence.
By: Shubham Tiwari ProfileResourcesReport error
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