ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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Sustainability of External Liabilities

The debt-service ratio may appear low and satisfactory, but it is high time the official agencies conceived of a more meaningful concept of sustainability of total external liabilities in the face of reserves built substantially on volatile flows. Persistent disinvestment by foreign institutional investors ever since signs of discouraging economic prospects surfaced earlier this year should be an eye-opener.

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