RBI had expended more than $30 billion in three months in an attempt to stabilise the rupee, yet the currency still reached an unprecedented low of Rs 96.91.
The Ukraine war has become a global laboratory for drones, electronic warfare & rapidly evolving battlefield tactics, demonstrating how low-cost tech impact military operations.
An oil shock, monsoon fears, rampant unemployment, and the seeming inevitability of inflation are common to both eras. Indira Gandhi’s self-destructive responses are instructive today.
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