Building Stability for Indian Growth
In their efforts to stimulate demand by pursuing increasingly aggressive monetary policies, advanced economies are imposing tremendous risks on emerging-market countries such as India. To cope, India must build a domestic platform of macroeconomic stability.
https://prosyn.org/GXBAypC
MUMBAI – In their efforts to stimulate demand by pursuing increasingly aggressive monetary policies, advanced economies have been imposing risks on emerging-market countries such as India. Indeed, one day we face surging capital inflows, as investors go into “risk-on” mode, and outflows the next as they switch risk off.