Sridhar Vembu decodes why PM Modi advises against foreign tours, gold buying even as India grows at 7.8%

Firstpost 36 h India

Zoho founder Sridhar Vembu has argued that India’s strong economic growth does not eliminate the need to manage foreign exchange carefully. Backing up the PM Narendra Modi's advise to not buy gold or travel abroad, he points to East Asian economies as examples, saying India remains dependent on imported energy and advanced technology even as exports expand and domestic capabilities gradually impro

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