Of late, there is some discussion on how the global economy would adjust to the successful global integration of India. In the first part of the presentation, as a background, there will be a brief account of global economic integration and the role of public policy. This will be followed by a review of India’s policies in regard to the external sector.
The third section will mention what appear to be the current challenges for the global economy as India integrates with it. The fourth section would be in the nature of random thoughts on the public policy challenges in our country to manage the integration smoothly. The fifth section will elaborate on several issues in regard to financial integration.