Take the carrot along with half the of sugar, cook covered on med-low flame for 15 minutes.
Add the condensed milk, khoya, and the rest of the sugar and cook uncovered for 5-10 minutes.
Garnish with the cashews and currants and serve.
Khoa also known as Khoya is a dairy product widely used in Indian, Nepalese, Bengali and Pakistani cuisine, made of either dried whole milk or milk thickened by heating in an open iron pan. [Wikipedia]