current account deficit – Dnyan pravah news

We can’t celebrate India’s small current account deficit: Here’s why

adminAugust 11, 202408 mins

A decade ago, India was one of the ‘fragile five’ economies, with excessive reliance on foreign capital to sustain growth. Its high vulnerability to foreign capital flight and sudden stops had caused excessive foreign exchange volatility as the current account deficit hit nearly 5% of gross domestic product (GDP) in 2012-13. Much water has flowed…

Indian policy attention must shift from cyclical challenges to structural

adminJuly 16, 2024011 mins

But, in contrast to expansive lists, state capacity and political capital are typically much more limited. The challenge, therefore, is to identify which reforms to spend political capital on, and, equally, how to sequence them. To do this, however, one must first identify what the binding macroeconomic constraint to higher growth currently is. Back in…