Capital Inflows, Financial Repression and Macroeconomic Policy in India since the Reforms
Published By: | Published Date: August, 04 , 2007Since the early 1990s the Indian economy has seen a considerable relaxation of controls, as a consequence of which it has witnessed unprecedented growth. This is especially remarkable in the external sector. In this paper I evaluate the progress made on the macroeconomic front and address the possibility of opening up the capital account of the balance of payments. I show that given the weakness in the financial sector and the government finances, it may be dangerous to speed up the process of opening up the capital account further. [CDE WP 157]
Author(s): Partha Sen | Posted on: Oct 04, 2007 | Views(2263) | Download (215)