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Proxy job data being cited doesn’t provide an accurate picture

Proxy job data being cited doesn’t provide an accurate picture
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Although India appears well placed to cope with global trade and currency wars, it needs to manage its exchange rate carefully, opines Kaushik Basu, former chief economist at the World Bank, who recently said the Indian currency’s true value is closer to ₹70-71 to the dollar. Mr. Basu, who also served as Chief Economic Advisor to the government, said the biggest concern for the country right now is the lack of jobs and employment data. But more long run damage is likely from India’s global image taking a hit due to a spate of incidents of hatred towards minorities, he warned.

Read the interview at https://www.thehindu.com/business/Economy/proxy-job-data-being-cited-doesnt-provide-an-accurate-picture-kaushik-basu/article24719382.ece

SOURCE: The Hindu

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