External factors weigh on India's economy

01/6/2013 | Hindu (India), The

A surge in India's current account deficit to 5.4% of GDP in the second quarter of its fiscal year and a US$20 billion rise in external debt reveal the inability of government to address key economic factors outside its range of influence. This leaves India more dependent than ever on foreign institutional investment, which recently has been strong but can reverse.

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Hindu (India), The

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