4 min read.Updated: 15 Nov 2017, 03:53 AM ISTAjit Ranade
Coal mining, power reforms and logistics management together make for a complex optimizing exercise
Remember the rupee panic of 2013? When the current account deficit climbed to danger levels of 5% of gross domestic product, and the currency tumbled? That panic had origins in the “taper tantrum" of Ben Bernanke, then US Federal Reserve chair. But it was also connected with India’s burgeoning imports. It wasn’t just import of gold or Chinese telecom equipment, India was also importing coal, iron ore, fertilizer and edible oil in very large quantities.
Recommended For You
Select your Category
Internet Not Available
Wait for it…
Log in to our website to save your bookmarks. It'll just take a moment.