We are not Kazakhstan

Avinash D Persaud
Posted: 2008-05-13 22:27:57+05:30 IST
Updated: May 13, 2008 at 2227 hrs IST

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exchange reserves are less than half its total external liabilities at current prices. India is in a far stronger position than ever before, but in the context of current global markets and future local reform, it is not an impregnable one. Stay the course, my friends.

Avinash D Persaud is chairman, Intelligence Capital Limited and Emeritus Professor of Gresham College...

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