capital account 6 43 the of india s bop has emerged with much strength and resilience after liberalization especially since 1993 94 net inflows from all sources excluding imf averaged about us 8 89 billion per year over seven years to 1999 2000 exchange rate volatality in 1995 96 for first time under market determined system resulted significant leads import payments lags export receipts these elements got reflected as unusually large outflows other if were be excluded on this count 9 69 during 00 is against average a mere 3 90 previous two 1991 92 1992 93 quantum jump flows occurred extent desired shift favour non debt creating foreign investment 01 including funds raised through imd amounted 02 external assistance 44 gross comprising government
