A New Look at the Dynamics of India's Balance of Payments through Its Liberalization Episode
The Gains and Pains of Financial Integration and Trade Liberalization
ISBN: 978-1-83867-004-7, eISBN: 978-1-78973-999-2
Publication date: 26 November 2019
Abstract
India's balance of payments (BoP) has gone though several merits and oddities over its long journey since her liberalization era. On its way forward it has faced three of the world's worst challenges from the global turmoil. Of them, the impact of first crisis on India was minimal. But the other two crises had a tremendous impact on its external sector. In effect, the current and capital account of India's BoP have undergone significant structural changes during these two and a half a decades (1990–1991 to 2014–2015). It is in this context this chapter evaluates the evolution of two and a half decades of India's BoP in the context of global changes and exchange rate fluctuations and instability.
Keywords
Citation
Karmakar, A.K. and Jana, S.K. (2019), "A New Look at the Dynamics of India's Balance of Payments through Its Liberalization Episode", Bhattacharyya, R. (Ed.) The Gains and Pains of Financial Integration and Trade Liberalization, Emerald Publishing Limited, Leeds, pp. 113-125. https://doi.org/10.1108/978-1-78973-999-220191016
Publisher
:Emerald Publishing Limited
Copyright © 2020 Emerald Publishing Limited