He pointed out that one should not be under the impression that appreciation of rupee is a sign of a good economy.
To a question if the depreciating Indian currency was a cause of worry, Kumar said, "certainly not."
Continuing its free fall, the rupee today slumped 43 paise against the dollar to trade at a life-time low of 70.32 on strong demand for the US currency.
Allaying concerns about state of India's economy, he said, "Our rate of growth is up. Our exports are also beginning to rise. Our agriculture production is up. Our employment growth is up."
While releasing Nabard All India Rural Financial Inclusion Survey, Kumar said India has capability of doubling farm income in the next few year as the Prime Minister promised yesterday.
India has already achieved food sufficiency and there is efficient distribution network as well, he said.
Having done this, the country be preparing itself for agriculture export, he said, adding that it would require mindset and analytical change to think as nation which could substantially export agro products.