Full rupee convertibility needed to make India top economy - Sinha

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Reuters NEW DELHI
Last Updated : Apr 15 2015 | 11:42 AM IST

NEW DELHI (Reuters) - India needs to move towards full capital account convertibility to become a leading global economy, junior finance minister Jayant Sinha told reporters on Wednesday.

Asia's third-largest economy currently places restrictions of converting the rupee into other currencies and vice versa.

(Reporting by Manoj Kumar; Writing by Rajesh Kumar Singh; Editing by Frank Jack Daniel)

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First Published: Apr 15 2015 | 11:25 AM IST

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