Wednesday, October 07, 2009

'Combo' investments

Books of Account
Chasing the Dragon
Mohan Guruswamy and Zorawar Daulet Singh
(http://www.pearsoned.co.in/)

Financing long-term growth

India can increase the available capital for investment by a combination of two strategies, suggest Mohan Guruswamy and Zorawar Daulet Singh in Chasing the Dragon: Will India catch up with China? “First, increase the level of its domestic savings and channel them efficiently. Second, run a current-account deficit (capital-account surplus) to draw in external savings to finance growth.”

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