During the panel discussion distinguished representatives of international training institutes will get the floor to relate their experience with technical cooperation programs: the BIS Financial Stability Institute, The World Bank Institute, the IMF Institute and the OECD. All these institutions boast a track record of training and cooperation initiatives and have played a major role in supporting the acceding countries during the transition process.
We need surplus on capital account to finance India’s growing current account deficit and also have to keep the level of foreign exchange reserves at a comfortable level given several demands on the reserves. Therefore, unlimited capital outflows for outward FDI could have significant implications for sustainability of India’s CAD and external debt profile.