India, May 28 -- India is the world's third-largest economy. Its currency deserves to be judged by what it builds and buys - not by an exchange rate inherited from history

India stands today as the world's third-largest economy in purchasing power terms, posting growth rates among the highest globally, with record foreign exchange reserves and equity markets at historic highs. Across a world riven by geopolitical conflict, supply-chain fractures, and shifting alliances, India has demonstrated macroeconomic resilience that most nations can only aspire to.

And yet, a curious paradox persists. Every time the rupee moves - from 85 to 87 to 90 against the dollar - headlines speak of "decline", citizens express alarm, and a narrative of weakn...