Indian Rupee has been declined mor ethan 14 percent and has been among Asia's worst peformer.
To curb the constant falling of Indian Rupee, Modi government is mulling over to involve NRIs. According to a Bloomberg report, the Centre might tap Indians living overseas to lure foreign exchange flows and prop up a sagging rupee. Citing sources, the report claimed that finance ministry and RBI officials are in discussions to chalk out the plan to raise money from NRIs.
The announcement for the same might come later this month, the report claimed.
Indian Rupee has been declined mor ethan 14 percent and has been among Asia's worst peformer. On Tuesday, the rupee fell 0.4 per cent to a record low of 74.3950 per dollar.
Meanwhile, after the International Monetary Fund (IMF) a growth rate of 7.3 per cent for India in the current year of 2018, Satyanarayan Bansal, chief executive officer (CEO) of Barclays, said that growth forecast might have been lower due to overall economic disruption.
Speaking to ANI, Bansal said, "Forecast might have been lower due to overall economic disruption. IMF sees India's domestic demand opportunities, change in structural reforms, increase in bank accounts, revamp of tax reforms, the influx of infrastructure investments (road, ports and civil aviation) and India's global service sector exporters as growth drivers. The global investors see the Indian market under the positive lens emerging as a global growth hub. India's growth rate is higher than China but since China is a larger economy, it is lower in absolute terms. Indian market is a mainstream discussion in corporate boardrooms and global business markets. The growth forecast by several agencies has been estimated at 7 -8.5 percent, which is well within reach and is a result of a viable business environment."
The Barclays Hurun list released by Barclays and its partner organisation Hurun revealed that out of the 830 ultra-rich (having wealth more than 1000 crore) families in India, more than 120 are led by women entrepreneurs. Out of these 120 women, more than 11 female entrepreneurs are from Delhi.
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 "Modi govt's plan to control rupee fall involves NRIs, claims report")
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