RSS economic wing bats for stronger rupee, contrary to Arvind Panagariya prescription

The article highlights a debate on the Indian rupee's exchange rate policy. Arvind Panagariya, Chairman of the 16th Finance Commission, advocates for allowing the rupee to depreciate past ₹100 per dollar to boost exports. In contrast, the RSS economic wing, Swadeshi Jagaran Manch (SJM), through Ashwani Mahajan, argues for a stronger rupee, stating that depreciation harms India's global standing, increases inflation, and negatively impacts domestic industry, which needs protection from dumping and high domestic costs, aligning with the 'Aatmanirbharta' principle. The SJM emphasizes structural issues affecting domestic industry rather than just inefficiency.