The flight of capital from India
All Indians MatterJune 03, 2022
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The flight of capital from India

Ashraf EngineerAshraf EngineerHost

Reserve Bank of India data tells us the amount of capital coming into the country is less than what is going out. Blame it on a variety of reasons – from lack of confidence in the economy to corruption and high government debt to disruptions in the supply chain due to the conflict in Ukraine and the hiking of interest rates. This is worrying and requires urgent corrective action. The flight of capital makes India poorer and it means that there is less for critical spending on things like schools and infrastructure. Please listen to the latest episode of All Indians Matter.