ARCHIVES
VOL. 6, ISSUE 3 (2024)
Causes and consequences of capital account convertibility in India: A theoretical study
Authors
Navpreet Kulaar, Manjinder Kaur
Abstract
The present study focused on exploring the
causes and consequences of capital account
convertibility in context of India. Capital account
convertibility signifies that conversion of domestic currency into foreign
currency and vice versa is free of any restriction so that residents could
freely purchase investment assets abroad and similarly non-residents could
acquire domestic investment assets easily. It will be a significant contribution
to the overall macroeconomic policy of a nation and its stability. Till now,
Indian economy has performed at the global front following the capital controls
with regards to capital account convertibility. However, it is high time to
make the capital account fully convertible since India is growing with the
passage of the time and integrating with the world markets. Although the issue
of capital account convertibility has remained controversial and is still under
debate, its advocacy is still qualified and it will have to be accepted by all
the nations including India.
Download
Pages:24-26
How to cite this article:
Navpreet Kulaar, Manjinder Kaur "Causes and consequences of capital account convertibility in India: A theoretical study". International Journal of Commerce and Economics, Vol 6, Issue 3, 2024, Pages 24-26
Download Author Certificate
Please enter the email address corresponding to this article submission to download your certificate.