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What is India about?

This document analyzes the impact of the global financial crisis on the Indian economy from a capital account perspective. It finds that India was affected through financial and real channels due to its increased openness over the past two decades. There was a sudden reversal of short-term capital flows after record inflows, which impacted the stock market, currency value, and corporate borrowing. Government policies were able to contain the effects through fiscal and monetary measures. However, the crisis

Author

Himani Sharma

Language

EN