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“Govt Has Tried Its Best To Bring About Reform”

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19 August: Adrian Mowat, Chief Asian and Emerging Market Equity Strategist, JP Morgan, points out that in a democracy such as India, it is definitely hard to bring about reform. He states that the Indian government has tried hard to mitigate the external flows impact. Mowat believes that India is more open minded than others in moderating FX flows.