The Economic Times

Log abe thali nahi bajayenge: Entrepreneur says austerity measures wont work in long run, warns rupee may crash to Rs 150 against dollar

Jayant Mundhra, founder of Biz News+, warns India's rupee could fall to Rs 150 against the US dollar due to heavy import reliance. He argues the nation is becoming a consumer economy, spending billions on foreign technology and products instead of fostering domestic manufacturing and innovation.