UGC Approved Journal no 63975(19)

ISSN: 2349-5162 | ESTD Year : 2014
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Published in:

Volume 10 Issue 1
January-2023
eISSN: 2349-5162

UGC and ISSN approved 7.95 impact factor UGC Approved Journal no 63975

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Published Paper ID:
JETIR2301545


Registration ID:
507802

Page Number

f326-f332

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Title

THE STATUSES OF DE-DOLLARIZATION IN THE INDIAN ECONOMY

Authors

Abstract

Diversification away from the US dollar is intended to protect economies from geopolitical risks. Much has been written about how the weaponization of trade, the imposition of sanctions, and the US's exclusion from SWIFT could accelerate de-dollarization because countries with diplomatic and economic autonomy will be wary of using US-dominated global banking systems. This school of thought contends that this will also cause a shift in the overall global forex market framework, as potential foreign policy coercion or sudden disruptions will not sit well with countries, prompting them to investigate how to build bulwarks. The US dollar, the world's reserve currency, may continue to fall in value in the current environment as leading central banks seek to diversify their reserves away from it and into other assets or currencies such as the Euro, Renminbi, or gold. The concept of de-dollarization fits well in the thought experiment of a multipolar world in which each country seeks economic autonomy in the realm of monetary policy. The main objective of the study is to understand and examined the opportunity and challenges of de-dollarization on the Indian economy.

Key Words

Keyword: de-dollarization, impact, challenges,

Cite This Article

"THE STATUSES OF DE-DOLLARIZATION IN THE INDIAN ECONOMY", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.10, Issue 1, page no.f326-f332, January-2023, Available :http://www.jetir.org/papers/JETIR2301545.pdf

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2349-5162 | Impact Factor 7.95 Calculate by Google Scholar

An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 7.95 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator

Cite This Article

"THE STATUSES OF DE-DOLLARIZATION IN THE INDIAN ECONOMY", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.10, Issue 1, page no. ppf326-f332, January-2023, Available at : http://www.jetir.org/papers/JETIR2301545.pdf

Publication Details

Published Paper ID: JETIR2301545
Registration ID: 507802
Published In: Volume 10 | Issue 1 | Year January-2023
DOI (Digital Object Identifier):
Page No: f326-f332
Country: KOPPAL, Karnataka, India .
Area: Arts
ISSN Number: 2349-5162
Publisher: IJ Publication


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