The global financial and economic crisis has already taken a heavy toll on the Indian economy in the form of a balance of payments crisis. Writes Jayati Ghosh in Frontline
Despite the apparent public complacency regarding the balance of payments, there are reasons to be concerned about recent trends. In this edition of Macroscan published in the Business Line, C. P. Chandrasekhar and Jayati Ghosh specifically examine tendencies in the current account and assess their significance for the immediate future. Article courtesy, Business Line newspaper.