Economic Survey 2010-11

March 19, 2012

India’s Per Capita Income

The following chart shows the Per Capita Income of India from 2000-01 to 2011-12. As per the Economic Survey 2011-12, India’s Per Capita Net National Income (factor cost at

May 15, 2011

Multilateral Trading System

Commercial Policy Instruments (CPI) like levying import duty (tariff) as well as other tariffs and adapting other non-tariff barriers like quantitative restrictions enable a country such as India to

May 15, 2011

Tarapore Committee on Capital Account Convertibility

Jumping into capital account convertibility game without considering the downside of the step can harm the economy. The Committee on Capital Account Convertibility (CAC) or Tarapore Committee was constituted

May 15, 2011

Capital Account Convertibility

The term Capital Account Convertibility was coined by RBI and this term is almost synonymous with the RBI committee headed by SS Tarapore. Capital account convertibility (CAC) means the freedom to

May 15, 2011

Full convertibility of Rupee

The Government when introduced the Partial convertibility of Rupee in 1992, had announced its intention to introduce the full convertibility on the current account in 3-5 years. The full

May 15, 2011

Partial Convertibility of Rupee

The above mentioned Liberalized Exchange Rate Management System (LERMS) introduced a dual exchange rate system. This is also called as partial convertibility of the Rupee. Meaning of Convertibility The

May 15, 2011

BoP Crisis in India

From 1947 till 1956-57, the India had a current account surplus. By the end of the first plan, the Trade deficit was Rs. 542 Crore and Net Invisibles was

May 15, 2011

India’s BoP at Capital Account

As we studied above, the BoP in India has been classified into BoP at current account BoP at Capital Account India’s BoP at Capital Account Under capital account, capital

May 15, 2011

India’s BoP at Current Account

As we studied above, the BoP in India has been classified into BoP at current account BoP at Capital Account India’s BoP at Current Account This is calculated as

May 15, 2011

BoP Adjustment

How BoP is adjusted? There is not much bothering if there is a surplus in the balance of payments, however, every country strives to remove or at least reduce

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