Shaktikanta Das using a China-like $700 billion coffer to help Modi's ambitions and safeguard the economy

India's central bank chief Shaktikanta Das has managed to control rupee volatility while allowing it to weaken, supporting Prime Minister Narendra Modi's export goals. The Reserve Bank of India's foreign-exchange reserves have grown significantly, helping attract foreign investment and improve the current account deficit. This strategy has drawn some criticism but also showcases India's economic strength.