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Friday, Feb 27, 2004

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Forex reserves

This is with reference to "Surging forex reserves — Look beyond history and emotions" (Business Line, February 26).

As rightly pointed out in the article, India needs to look beyond emotions in framing its economic policies.

Though the forex reserves have crossed the $100 billion mark, the Indian economy has not benefited much from it. A lot more needs to be done on the development front for the country to match the growth of China.

K. Balakrishnan

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Letters to the editor and contributions can be sent by e-mail to: bleditor@thehindu.co.in

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