The RBI governor’s Princeton speech is spot on: India isn’t ready yet for full capital account liberalization
Summary
In matters of macro policy, going slow and steady is usually wiser. Full rupee convertibility for capital transactions may be a worthy goal, but it mustn’t be...
Description
In matters of macro policy, going slow and steady is usually wiser. Full rupee convertibility for capital transactions may be a worthy goal, but it mustn’t be...
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