Former UN Advisor and economist Santosh Mehrotra, on Saturday, urged the government to shift its fiscal strategy by aggressively taxing the super-rich and high-net-worth individuals instead of relying on regressive indirect taxes like fuel and gold duties, which he warned are compounding inflation and destroying jobs.
Speaking to against the backdrop of escalating geopolitical tensions in West Asia, the prominent economist painted a stark picture of the macroeconomic pressures facing India, warning that the Indian Rupee could slide to ₹100 against the US dollar within the next quarter.
