Uncover the real impact of financial liberalization on India’s economic development. This vital analysis by prominent Indian economist Ashwini Deshpande delves into the complexities of capital inflows for emerging markets. Discover how large sums of foreign capital present critical challenges to growth strategies and national economies. Essential for understanding the nuances of globalization, this book offers vital insights for economists, policymakers, and students of the Indian economy seeking to navigate global financial dynamics for sustainable development.