Will Govt’s C.A.D. Fix-It Measures Work?
  • Saba Ashraf
  • Aug 14 2013

August 14: Sonal Varma, ED and India Economist at Nomura Financial Advisory and Securities, says recent measures attempts to fix the high CAD but this is also squeezing growth. In the end, the growth -sensitive flows will reduce, creating a capital account problem, and the BoP crisis will continue, she says, adding that “Import duty on gold won’t make a big difference here.”