In this episode of The Core Report Special Edition, Financial Journalist Govindraj Ethiraj speaks with Rishi Agrawal of TeamLease Regtech and Dr Rajeswari Sengupta on why the Indian rupee is under pressure, why foreign investors are pulling money out, and why India’s business rules still make growth harder than it should be.Dr. Rajeswari Sengupta, Associate Professor of Economics, Indira Gandhi Institute of Development Research, explains the macroeconomic stress behind the rupee fall, energy shock, oil price pressure, current account deficit, foreign capital outflows, AI shock and India’s weakening appeal for global investors. She also explains why price adjustment, currency depreciation and policy certainty may matter more than short term defence of the rupee.Rishi Agrawal, CEO and Co Founder of TeamLease RegTech, explains the bottom up challenge facing Indian businesses. From red tape and compliance burden to labour law reform, Jan Vishwas, decriminalisation, digitisation and the need for a UPI moment for business compliance, he breaks down what must change to make India more attractive for entrepreneurs, MSMEs, manufacturers and foreign investors.
CHAPTERS:
(00:00) Introduction
(02:33) Why the Rupee Was Weak Before the West Asia Crisis
(07:22) The Three Shocks Facing India: Iran, AI, and China Plus One
(09:20) Why India Needs Price Adjustment, Not Suppression
(10:03) The Regulatory Architecture Holding Businesses Back
(11:50) Decriminalisation, Jan Vishwas, and the Shift From Fear to Trust
(15:04) What Still Makes India Attractive for Investors
(17:00) Why the Current Account Deficit Has Become a Bigger Worry
(21:23) When Policy Response Starts Looking Like Panic
(23:23) The Ground Reality for MSMEs and Manufacturers
(26:00) Why India Needs a UPI Moment for Compliance
(28:00) What Labour Law Reform Could Change for Businesses
(29:53) When Will Regulatory Reform Show Economic Results?
(31:07) Why India Still Needs Policy Certainty and Predictability
(33:00) The Case for Recalibrating India’s Growth Ambitions
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