financially than the Chinese economy, but China seems to be catching up with India in the wake of the global financial crisis …

Managing capital flows is the key policy challenge for emerging economies like India in the aftermath of the crisis. In … contrast to other emerging markets who are levying capital controls, India's macro-monetary framework is distinguished by … significant restrictions that help manage inflows. Against this context, the paper characterizes India's capital account …

This Working Paper examines India's growth and employment generation performance over the last ten years in the context … achieved on the back of reducing capital expenditures. The Paper reviews the distorted nature of India's labour markets and … recommends legislative and the other steps needed to work around constraints. The need for India to widen its relatively narrow …