Shah, Ajay; Patnaik, Ila - eSocialSciences - 2008
From the early 1990s, India embarked on easing capital controls. Liberalization emphasised openness towards equity … improvements in the size, liquidity and corporate governance of Indian frms. While the system of capital controls appears … flows, both FDI and portfolio flows. In particular, there are few barriers in the face of portfolio equity flows. In recent …