THE NEXUS BETWEEN CAPITAL FLOWS AND GROWTH - Dr.DEBESH BHOWMIK
International Journal of Multidisciplinary Research - Vol-I,Issue-3,June 2012,pp1-6
This paper concluded that growth is positively related with FDI in a single equation technique during 1991-92-2009-10 but FDI is inversely related with growth and portfolio is positively related with growth in multiple regression analysis.India's FDI is determined by current and capital account balances and REER positively.Irrespective of that role of the governance in applying capital flows in different stages of development is vital for consideration towards management of capital flows.India's FDI inflows has been increasing at the rate 22.95% per year during the reform period.The question arises in the liberalisation process of capital flows where structural imbalance of India's BOP destabilises India's trade and finance from which external value of rupee is determined.
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