Buy custom The Debate On Capital Account Convertibility In India
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Tarapore committee which was set up for this purpose had suggested
certain pre-conditions for the implementation of CAC. India has been consistent
in its commitment towards CAC and has shown marked improvements in some
of the factors mentioned in the Tarapore committee. But India’s march towards
CAC needs to be dealt with caution as the risks involved in capital inflows into
the country are huge...
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But India’s march towards
CAC needs to be dealt with caution as the risks involved in capital inflows into
the country are huge.
IMF has predicted the Indian economy to grow at a rate of 8.9% which puts India
on the path of growth along with other emerging economies. India stands to gain
by implementing CAC provided all the measures are in place to effect a
successful implementation and the macroeconomic factors of the country are
strong enough to support the surge in capital inflows...
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