What is Capital Account Convertibility? Is India ready for it yet?

Nikita Vashisht and Puneet Wadhwa
October 26, 2021, Tuesday

What is Capital Account Convertibility? Is India ready for it yet?

India is on cusp of complete Capital Account Convertibility. While this may lead to rise in FPI inflows, there are a few red flags the govt and RBI need to address. Let’s look at those in this report