May 2024
Intermediate to advanced
688 pages
51h 31m
English
Content preview from Business Environment, 1st Edition by Pearson
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Part VIII: The External Sector
in accelerating the growth of the country’s economy. The IMF has
praised the country for it was able to avoid the South East Asian
Financial Crisis in 1999 and was also able to continue the average
rate of growth of its economy. The then managing director of IMF,
Rodrigo De Rato came to India in May 2005. The Fund said that the
reasons behind the economy growth of India are that the Reserve
Bank of India has been able to maintain, to a great extent, the sta-
bility of the Rupee and has also handled its monetary policies very
skilfully. The IMF has recommended that India can become a fi nan-
cial super power ...
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