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

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Mapping a Risky Path-Capital Account Convertibility Report

The Tarapore Committee Report is an eye-opener on how complex issues of development strategies can be neatly pigeonholed into narrow issues of free markets, dear money and cross-border capital flows, and may thus be reduced to addressing surface symptoms of fiscal deficit, current account deficit, financial sector consolidation and inflation control, to the neglect of substantive development issues.

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