In the midst of this impending recession, many major countries have decided to opt for a financial phenomenon called ‘de-dollarization’. How can de-dollarization help India? According to Global Times, the de-dollarization phase in India can greatly help its economy, especially as many countries are currently going through a recession. This is because this practice can help strengthen the value of the Indian rupee in global trade. This means that the Indian rupee can be strengthened greatly due to the de-dollarization of the country, and can also avert a possible recession in India.

Source: dna June 05, 2023 07:27 UTC