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At first glance, such a possibility seems worrying. In the real world, it’s not that unlikely.
The Indian rupee was at around Rs 70 per dollar in December 2019, falling by more than 20 per cent in five years to Rs 85 per dollar in December 2024. A 20 percent depreciation in the next five years will push the Indian rupee to more than Rs 100. One dollar in December 2029.
India’s current economic policy framework, lack of genuine reforms, and the above structural inefficiencies and weaknesses, if they continue, which is quite likely, could lead to the rupee falling to Rs 87-88 per dollar and crossing Rs 95 in December 2025. Will go. to a dollar in 2027, and will cross the Rs 100 level in 2029, when the Narendra Modi government completes its third term.
(Subhash Chandra Garg is the Chief Policy Advisor, Subhanjali, and former Secretary of Finance and Economic Affairs, Government of India. He is the author of several books, including The $10 Trillion Dream Denied, We Also Make Policy, and Explanation and Commentary on Budget 2024 -25. This is an opinion piece, and the views expressed above are the author’s own. The Quint Neither endorses nor is responsible for it.)
