The rupee/dollar rate matters only if we continue to export. Of course, we will continue to import oil. Interfering with Rupee rate can only be a short term gain. The real need to open up our economy further to private sector (including the Agriculture sector). In the last 60 years, the government enterprises have not achieved much. Their return on investment is low or negative. Only private sector can really produce wealth (because the owners have a vested interest in making profits, and will fire inefficient workers and adjust to changing market dynamics quickly). Govt should focus only on Military, Education, and Health and supervise (not overregulate) the private sector. Even the Agriculture should be opened up to private sector, if you want it to grow. The infrastructure can also be created by the private sector efficiently. We don't need govt to do business.
