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Mar 06, 2013
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‘Cannot rely’ on foreign investors to finance current account deficit
The biggest problem facing the economy in recent times is the rising current account deficit, said Raghuram Rajan, Chief Economic Adviser to the Government, echoing what both the Finance Minister and the RBI Governor have been saying time and again.
“As you finance the CAD from outside, you are dependent on the interest of foreign investors. We could support it so far because the world economy has been doing rather poorly and foreign investors have been looking at places to invest.
Source -
http://www.thehindubusinessline.com
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