Ex-RBI Chief Says Structural Issues Driving Money From India

Former RBI Governor Duvvuri Subbarao highlights that India's dwindling appeal to foreign investors stems from underlying structural issues rather than temporary economic fluctuations. He emphasizes that short-term measures won't suffice to reverse the rupee's decline and calls for comprehensive reforms. This underscores a broader concern that unless India tackles its deep-rooted economic problems, it will struggle to attract necessary foreign capital and stabilize its currency. Subbarao's insights are crucial for understanding the long-term challenges India faces in maintaining economic stability.