Analytical Articles
This section contains analytical articles that form a connected research arc examining India’s external-sector structure and long-term currency stability.
The articles focus on how foreign exchange is earned and financed over time, with particular emphasis on export composition, capital inflows, manufacturing capability, and structural constraints on external stability. Together, they feed into a larger flagship working paper on India’s persistent rupee depreciation.
Published
- Why India’s Rupee Pressure Is a Structural Problem, Not a Cyclical One
January 7, 2026
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- Financing the Imbalance: Capital Inflows and India’s Currency Stability
January 10, 2026
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- Export Composition and External Stability: Evidence from India’s Balance of Payments
January 17, 2026
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Planned (as part of the same research arc)
- Manufacturing-led exports and foreign exchange generation in the Indian economy
- Structural limits of services-led export growth and implications for external balance
- Manufacturing-led external stability under global shocks (comparative perspective)
- Structural constraints on manufacturing-led external stability, including energy dependence and global value chains
- A structural synthesis of trade, capital, and energy constraints shaping long-term external stability in India