Although the government has begun to prepare the roadmap of full capital account convertibility (CAC) of the rupee, economists are of the opinion that India is not a game for him.

Professor of Economics at the Indian Institute of Statistics (ISI) Abhirup Sarkar PTI ACC stated that this date was “unnecessary and unjustified”.

He said in India, there was still a developing country, foreign investors had little confidence in the Indian economy.

Sarkar said, in the case of a panic, foreigners would be rupee conversion into U.S. dollars in the domestic market, would lead to a decline in the value of the local currency.

In another scenario, all expectations probable devaluation of the rupee would also have the effect that the conversion to Green Back foreigners.

“In this case, it will be difficult to obtain the value of the rupee,” said Sarkar.

According to Sarkar, Anindya Sen, a professor of economics at the Indian Institute of Management, Calcutta (IIM-C) has spoken in India has been able to remain isolated from the East Asia crisis such as n ‘ rupee was not convertible in the capital.