Exchange-rate policy is shaped by more than economic fundamentals. In his latest Mint article, Dr. Niranjan Rajadhyaksha examines how politics, institutions, and market dynamics influence currency management in emerging economies.

India’s household economy tells a different story than headline growth. Stagnant real incomes are reshaping how families save, borrow, spend, and work—revealing domestic challenges that deserve as much attention as external risks.

India needs foreign capital, but new evidence suggests Chinese FDI may also facilitate technology transfer back to parent firms. As investment rules ease, policymakers face the challenge of balancing growth with strategic caution.

India’s rising gold imports are increasingly driven by investment demand rather than traditional consumption. Niranjan Rajadhyaksha explores what this means for the rupee, foreign exchange reserves, and economic policy.