India looks for the answer to the rupee increase - that it will boost exports . Analysts say its industrial base is too small and too bound up in red tape to respond quickly . Whether investors will share his confidence is the question economists are asking themselves as the axles come loose on India 's economic juggernaut . India still relies heavily on populist , capital - intensive development policies . Foreign borrowing is fueling excess production and increasing the current account deficit .
India looks for the answer to the rupee increase - that it will boost exports . Analysts say its industrial base is too small and too bound up in red tape to respond quickly . India still relies heavily on populist , capital - intensive development policies . Foreign borrowing is fueling excess production and increasing the current account deficit .