The Balance Of Payment Crisis 1991-Regulations And Impact Followed By It

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INDEXAbstractTable of ContentsI.Objective to study………………………………………………….4II.Introduction-Balance of Payment……………………………...…4III.The payment crisis………………………………………………...5IV.Causes

Finance

Foreign currency reserves and gold minus external ...

English: Cumulative Current Account Balance from 1...

and consequences………………………………………….7V.Economic Reform in India 1991-2004……………………………9VI.Impact after reforms……………………………………………..13VII.Social implication………………………………………………...17VIII.Recommendation on future reforms in India…………………..19IX.Conclusion………………………………………………………...22I.Objective to study1. Balance of payments and international investment position data are most important, of course, for national and international policy formulation.

2.External aspects (such as payments imbalances and inward and outward foreign investment) play a leading role in economic and other policy decisions in the increasingly interdependent world economy.

3.Such data are also used for analytical studies;4.To determine the causes of payments imbalances and the necessity for implementing adjustment measures; relationships between merchandise trade and direct investment; aspects of international trade in services; international banking flows and stocks; asset securitization and principal market developments; external debt problems, income payments, and growth; and links between exchange rates and current account and financial account flows.

Finally, balance of payments and international investment position data constitute an indispensable link in the compilation of data for...