This paper examines the solvency and sustainability of India’s external imbalances and analyzes the optimality of its capital flows. We use three approaches:

The book contributes to the growing literature pertaining to empirical and policy issues in international trade, foreign capital flows and issues in finance, im

India's current account position has been worsening in recent years. Data on the components of the current account and the composition of the trade account high

The global financial crisis of 1997-98 and the widening US trade deficit have precipitated fresh inquiry into a set of perennial questions about global integrat