Factors of production

potentially leading to a depreciation of the rupee. However, India’s robust domestic investor base has been a source of resilience for its stock market. Leveraging this domestic strength could help maintain market vibrancy despite external pressures.

Chennai knowledge that the merchants have been using these PoS machines to swipe cards and pay cash to customers for a commission, which is not only illegal, but also considered usurious. There is need to put in place regulations that would stop unauthorised cash transactions and ensure secured access to PoS systems with measures such as multifactor authentication and prevent unauthorised access to the machines.

Hyderabad too. But in the case of Hardik Pandya, it has gone a bit too far, from the time he took the field in the very first match of the ongoing IPL. It was Mumbai Indians’ decision to appoint Pandya captain in place of Rohit Sharma, and players moving from one franchise to another is a common phenomena. Fans should have shown more restraint in their overthetop behaviour. Thanks to former Indian captain Virat Kohli for urging the fans not to unnecessarily boo Pandya. .

Noida

The article ‘The poverty of Indian economic discourse’ (April 15) did not mince words on the imperative need to encourage capitalintensive industries in India to optimise economic growth. It must be remembered that capital doesn’t displace labour.

As a matter of fact, to produce physical capital (for instance, machinery) and also to operate it, labour is needed. A judicious mix of these two factors of production — labour and capital — can enhance the production of goods and services or real income, which is the best indicator of growth. India can take a cue from the Asian Tigers — Singapore, Hong Kong, Taiwan and South Korea — which maximised economic growth by rapid industrialisation.

Chennai