The strength of an economy is, amongst other things, indicated by the strength of its currency (and vice versa).
This does depend on RBI’s willingness to let the INR rise… On balance, if left to market forces alone, the INR is headed to 66.15/$ in the near term. In the long term, the INR has the strength to rise to sub-66/$.
If the INR rises to well below the Very Long Term Support at 67.70/$ then we will surely see INR 66 to the USD. It also depends on the strength of the USD which is facing pressure thanks to Trump’s Trade War with China.
A second term for the NDA Government could well mean stronger days for the INR despite the old bogey that exports will suffer!
@jsvasan