Shankar Sharma identifies India's macro dilemma: persistent current account deficits and "rented capital" forex reserves forcing a choice between the rupee and stock market. He argues SIP inflows facilitate foreign exits, preventing a market crash but weakening the rupee. Sharma advocates for a collapsing stock market—even via temporary SIP taxation—as the "lesser evil." He asserts market crashes cause transient harm, whereas currency unravelling devastates the economy. A market correction, he believes, would deter dollar exits and attract future foreign inflows.