Printing more money also doesn’t affect external costs. If that heart bypass machine is coming from Germany or Japan printing more rupees isn’t going to make i

Printing more money also doesn’t affect external costs. If that heart bypass machine is coming from Germany or Japan printing more rupees isn’t going to make it anymore affordable either. However with abundant natural resources and a large population you could maybe be a self-sufficient economy in close to absolute terms. I’m not sure what the Indian balance of trade currently is but they seem to be rapidly developing in a lot of ways.