Master the intricacies of currency convertibility and its profound impact on the Indian economy. This insightful guide meticulously explains current and capital account convertibility, core elements of exchange rate policy. Discover India’s landmark adoption of IMF Article VIII, a move that significantly boosted exports. Through a comparative lens, analyze convertibility experiences from Latin America and Southeast Asia to grasp the foundations of sustainable financial regimes. Essential for economists, finance professionals, students, and policymakers interested in global and Indian economic dynamics.