Like many emerging market economies (EMEs), India also experienced a significant surge in capital inflows since the second the half of 1990s. Capital inflows as percentage of GDP increased from 7.2 per cent during 1990-91 to 25.8 per cent in 2008-09 reflecting the rising contribution of...

The paper employing ARDL cointegration approach examined the Feldstein-Horioka (FH)(1980) postulate on international capital mobility for India during 1950-51 to 1990-1991 and during 1950-51 to 2006-07. It finds a robust long-run cointegrating relationship between saving and investment rates in...