Economic Survey ties rupee strength to manufacturing push, CEA flags rising imports and market risks

The Economic Survey advocates for a robust manufacturing sector to bolster the rupee, with the Chief Economic Adviser stating global financial conditions, not domestic stress, drive emerging market currency movements. He emphasized that manufacturing-led export growth is crucial for sustained rupee strengthening, while acknowledging rising imports with income growth and the strategic importance of ‘Swadeshi’ in a volatile global landscape.