Jayant Mundhra, an entrepreneur and founder of Biz News+, has issued a grave warning regarding India's economic trajectory, suggesting that the Indian rupee could depreciate to Rs 150 against the US dollar if the nation fails to curtail its reliance on imports and foreign technologies. In a podcast with Raj Shamani, Mundhra noted that India is evolving into a 'consumer economy' rather than fostering domestic manufacturing and innovation. He criticized the current austerity measures as impractical, stating that the public is now questioning economic policies unlike during the COVID-19 pandemic when people showed solidarity by banging metal plates. Mundhra pointed out that India's energy import dependence has surged from 83% to nearly 89%, warning that it could escalate to 95% if proactive measures are not implemented. He underscored the importance of building indigenous alternatives to foreign technologies, as significant funds continue to exit India for global tech services. Drawing comparisons with countries like China and Vietnam, he praised states such as Gujarat and Tamil Nadu for their effective industrial policies and urged India to invest more in exploration, mining, and manufacturing to protect its currency and enhance its global economic standing.