India may have done well by keeping commercial bank lending to the government within manageable limits, but RBI has been lending more to the government, which means it has been printing more notes
The equity markets have grown exponentially since the 1991 liberalisation. But in 1991, India was in the midst of its worst balance of payments crisis ever. Find out more about balance of payments
How did Chinese smartphones wipe out Indian brands? What did PM Modi and China's Xi Jinping say at Davos? Will indices hit all-time high before Budget? What is Balance of Payments? All answers here
India is not using currency to gain unfair advantage
Figures are based on percentage of a country's GDP
Says overseas companies must stop having an 'assembly workshop' approach
Nirmala Sitharaman tells Indivjal Dhasmana & Nivedita Mookerji that the government has made sure that mistakes committed during 2008-2013 are not repeated while announcing the Rs 20-trillion package.
Last week, the Reserve Bank of India (RBI) published the balance of payments (BOP) data for the October-December quarter of 2009. It elicited surprisingly little comment. Surprising, because for the second quarter in a row, the current account deficit was well above 3 per cent of GDP. And with nine months data in the bag, there is a good chance that the full year (2009-10) current account deficit will also be above 3 per cent of GDP.