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Macronomics: Why is India Pushing FDI? Charts Show Other Sources are Falling


The government has made some major noises about FDI reforms. But we have figured out why they need FDI, all of a sudden. (See our post on India's recent FDI reforms) This post talks about why this FDI focus has come about: Because we're losing traction in every other source of dollars.

We had a very small current account deficit this time. The deficit was just $300 million dollars, where has been as high as . . .

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