India's political boldness in seeking peace with Pakistan in their half-century twilight struggle for Kashmir may soon be matched by economic moves equally as daring. Indeed, India is edging toward a truly bold reform: full international convertibility of the rupee. How it goes about this will not only effect India's economic development, but provide object lessons for China as it ponders convertibility in the years ahead.
India's political boldness in seeking peace with Pakistan in their half-century twilight struggle for Kashmir may soon be matched by economic moves equally as daring. Indeed, India is edging toward a truly bold reform: full international convertibility of the rupee. How it goes about this will not only effect India's economic development, but provide object lessons for China as it ponders convertibility in the years ahead.