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The opening up of the Indian economy and its rapid integration with the rest of Asia as well as the global economy has generated considerable interest in India and overseas. Moving beyond an analysis of growth and structural changes, this topical book explores and establishes links between various aspects of monetary, exchange rate, trade, and investment issues and policies in India.
The book is unique in covering both monetary and real aspects of the Indian economy, and focusing on India’s growing trade and investment links with East Asia. It critically examines selected policy issues of importance, including the choice of exchange rate regime, management of international reserves and liquidity, possible creation of a sovereign wealth fund, implementation of an inflation targeting regime, and foreign direct investment (FDI) and Free Trade Agreement (FTA) strategies.
Based on rigorous empirical analysis, the essays in the book raise some pertinent questions facing the Indian economy today: How flexible is the Indian rupee? What is the impact of reserves accumulation in India? What are the prospects of India’s trade and investment relations with East Asia?
Highly accessible, the book also provides an overview of recent research on the subject and, where possible, it offers the reader information and references on definitions and methodologies used.
ISBN - 9780195699951
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