FCNR buys 12-18 months, what India does with that time matters: Neelkanth Mishra

Neelkanth Mishra, Executive Director of World Bank says India was staring at a potential run on the rupee & the FCNR-B inflows have bought policymakers valuable time. But don’t expect a sharp rupee appreciation. And on GDP, he is unequivocal - strong car and two-wheeler sales, GST collections and activity on the ground all support the official growth numbers. Why FCNR is a bridge, not a solution & what India must do next to attract more durable capital and earn more foreign exchange. Prashant Nair, Nigel D'Zousa & Reema Tendulkar chat with Neelkanth Mishra.