A Sticky Wicket: India’s Economic Dilemma

The Indian economy has been teetering on the brink for the past few months. The most manifest of these problems has been the crash of the Indian rupee, which has shown a decline of approximately 20% against the US dollar in a short period of time. Tarun Khanna, Director of the South Asia Institute at Harvard University and Jorge Paulo Lemann Professor at Harvard Business School, offers some insights into the causes and conditions at play.