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Podcast: businessline's State of the Economy Podcast
Episode: Exploring the possibility of de-dollarization: Can UPI challenge the dominance of the USD?
Description: In this podcast episode, Dr. Ritesh Jain, Founder, Infynit, discusses the concept of de-dollarization, which refers to reducing reliance on the US dollar as the global mode of exchange. He highlights the increasing concerns about the dominance of the USD in the global financial system and how developing countries perceive it as excessive dependence and potential weaponization by the US. Jain explains that de-dollarization aims to remove the dominance of a single currency and explores the reasons why countries should consider alternative currencies.Jain also talks about India’s role in de-dollarization through its participation in the BR...