ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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An Attempt to Clarify

India's Current Account Woes

Sustained capital flows into India caused a real appreciation accompanied by a very high trade deficit and a rising current account deficit. The Indian contribution to this entirely predictable story was that somewhere along the way it picked up high inflation that has now become entrenched in expectations.

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