India’s exports have been in contraction mode for fourteen successive months although there are indications of a sequential bottoming out. While the CAD has improved, the external sector has been contracting. Though India’s foreign exchange reserves are at almost record high levels, the external sector vulnerabilities have not completely disappeared.
Carolyn Wilkins: Opening remarks - “Toward the 2021 Renewal of the Monetary Policy Framework” Opening remarks (delivered virtually) by Ms Carolyn A Wilkins, Senior Deputy Governor of the Bank of Canada, at the Bank of Canada Workshop “Toward the 2021 Renewal of the Monetary Policy Framework”, Ottawa, Ontario, 26 August 2020.