IMPRI

IMPRI

IMPRI, a startup research think tank, is a platform for pro-active, independent, non-partisan and policy-based research. It contributes to debates and deliberations for action-based solutions to a host of strategic issues. IMPRI is committed to democracy, mobilization and community building.
  • Joined: October 30, 2020
  • Articles: 2402

De-Dollarization: Unveiling India’s Growing Influence in Global Trade

De-dollarization, a term relatively unfamiliar until the early 21st century, refers to the gradual move away from the US dollar as the global reserve currency. The term encapsulates the efforts of several nations aiming to reduce their dependency on the dollar for international trade and financial transactions. Simultaneously, it involves a shift towards other currencies or the creation of new payment mechanisms independent of the dollar. The journey of de-dollarization offers a variety of implications for different nations, with India's role in the global currency trade taking a unique stance.

GST and Its Failures: Explained

GST has been in operation since July 1, 2017. In the six years that have elapsed, has it fulfilled the promises that its proponents had vociferously claimed for it. It was billed as the second freedom since it was supposed to unify the `fragmented’ Indian market. That was the parallel drawn with 1947 which brought together the states to form India as a union of states.

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