ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Establishing an Off shore Financial Centre in India-Proposal Revisited

/t is appropriate to reassess the scope and nature of India's external financial market links in the light of the mujor changes that have taken place in the international financial markets as well as in India's own external financial position and to see whether any change in our policy on establishing an offshore financial centre in India is called for. This paper discusses whether the recent financial market developments have made it more opportune for India to establish an offshore centre and whether the potential costs-benefits of such a centw have become more favourable today than they were in the early 80s.

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