ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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A Practitioner`s Perspective

The majority of practitioners support the measured pace with which the capital account has been opened up in India and would, at best, counsel a moderate acceleration. However, they would argue for a rationalisation of the existing system of controls to remove the â??inefficienciesâ? within the system. The move to convertibility need not be a grand policy gesture, but a steady and focused approach.

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