December 2020
Intermediate to advanced
857 pages
42h 3m
English
Content preview from Business Environment, 4th Edition by Pearson
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524 | Chapter 18
The current comfortable FER primarily reflect short-term capital flow from the
FIIs, which can vanish as easily as they appeared. These are not money flow; their
sudden departure to greener pastures has wrecked havoc on many Third-World
economies. Non-economic developments, political instability, and communal
frenzy together contributed to slowing down the pace of economic growth. The
government should tackle the situation firmly, for which it requires political will.
In substance what has been achieved so far is impressive, but is not very
encouraging. India has lost its status as the 10th largest industrial power in the
world ...
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