I am skeptical about all the song and dance about the falling rupee. Is India's economy on a fundamentally different trajectory than China's? What is the direction that the experts are hoping India's economy should take? What is going to be the path of India's development? The weak rupee probably makes it costlier to go on those frequent trips to Davos -- at least for the private sector who have to pay for their trips themselves. In all this tsunami of talk about the collapse of the rupee, we seem to have all forgotten about the China story which otherwise somewhere seems to be there almost as an alter ego.
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