BusinessNeelkanth Mishra Urges Reform in Financing India's Current Account Deficit
Neelkanth Mishra, India's executive director at the World Bank Group, stated that the record $127 billion inflows from the foreign currency non-resident (bank) scheme have provided India with one to two years to protect its economy from external volatility. He emphasized the need for structural reforms to improve how the current account deficit is financed.
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