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Abstract

After its independence from the British in 1947, India formulated its economic policies to attain self-reliance, encourage productivity and attract foreign investment. For the first fifty years after independence, the Indian government was unable to maintain a comfortable level of foreign exchange reserves and it also faced the problem of increasing external debt. But the economic reforms of the late 1990s helped the country to accumulate forex reserves of US$100 billion. This case offers scope to discuss the position of the Indian forex reserves over the years and how the Indian government manages its forex reserves. A structured assignment ''204-117-4'' is available to accompany this case.
Location:
Other setting(s):
2004

About

Abstract

After its independence from the British in 1947, India formulated its economic policies to attain self-reliance, encourage productivity and attract foreign investment. For the first fifty years after independence, the Indian government was unable to maintain a comfortable level of foreign exchange reserves and it also faced the problem of increasing external debt. But the economic reforms of the late 1990s helped the country to accumulate forex reserves of US$100 billion. This case offers scope to discuss the position of the Indian forex reserves over the years and how the Indian government manages its forex reserves. A structured assignment ''204-117-4'' is available to accompany this case.

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Location:
Other setting(s):
2004

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