[Pen-l] India's BoP:The worrisome imbalance

[joglekarulhas@xxxxxxxx]

Monday, Aug 11, 2008

The worrisome imbalance 
http://www.thehindubusinessline.com/2008/08/11/stories/2008081150550800.htm

S. Venkitaramanan 

The RBI’s review of India’s net investment position shows that the country has an excess of liabilities over assets, to the extent of nearly $72 billion. The solution to this lies in increasing our exports of goods and services and managing to meet more of our needs from local producers, says, S. VENKITARAMANAN. 

http://www.thehindubusinessline.com/2008/08/11/stories/2008081150550800.htm



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