, particularly in the BRICs. However, while China and Russia set up SWFs over the last decade, India and Brazil still lack such funds … India on whether that country should have such a fund. In this way, influential societal actors, in particular the central …

Managing capital flows is the key policy challenge for emerging economies like India in the aftermath of the crisis. In … contrast to other emerging markets who are levying capital controls, India's macro-monetary framework is distinguished by … significant restrictions that help manage inflows. Against this context, the paper characterizes India's capital account …