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Globalization's underbelly: capital flows and the Indian economy
(Economic and Political Weekly, 2008-11-10)
Recent capital flows to India have been predominantly portfolio flows and they have been associated with a deteriorating current account position. To induce foreign savings to finance current account deficits requires the ...
The Impact of the Crisis on the Indian Economy
(Economic and Political Weekly, 2009-11-11)
The effects of the global financial crisis have been more severe than initially forecast. The turning point was the decision in September 2008 to let Lehman Brothers fail, an event that had a series of ruinous cascading ...