Académique Documents
Professionnel Documents
Culture Documents
Indian Economic
Liberalization
1980s
and 1990s
boost exports
21st
Century
phased out
Import duties are lowered
FDI and FII are on the rise
Market determined exchange rate
Current account convertibility
Indian Economic
Liberalization
21st
Century
investment
Outward FII limit-200,000 USD
IDRs issued by foreign companies
GDRs and ADRs issued by Indian
companies
Exports and Imports are on the raise
3
Responsibilities of Finance
Managers
To
Responsibilities of Finance
Managers
To
shore
Privatization
Liberalization of economy
Default by Governments
Hostile Takeovers etc.
7
Responsibilities of Finance
Managers
To
Responsibilities of Finance
Managers
To
Responsibilities of Finance
Managers
To
management
Securitisation of assets to increase
liquidity
Innovative funding techniques
10
financial institution
12
financial transactions
Removal of taxes on interest paid to nonresidents
Domestic financial markets were open to
foreign borrowers and vice versa leading to
the investors and borrowers portfolio and
liabilities to be denominated in different
currencies
13
14
Effects of Globalization
Convergence
of business cycles
leading to less resilience in global
economy
Local financial crisis could spread
throughout the global system
Control by policy makers becomes
difficult
17
The Emerging
Challenges
Political uncertainties
Changes in economic policies of government
Exposure to international markets
Volatility in exchange rates and interest rates
Removal of trade barriers according to WTO agreements
Capital Account Convertibility of the rupee
Increasing ceilings on FDIs, FIIs
Freeing up Indian Banking Sector
18