Indian IT companies, eager to become global players, have no patience for the exchange control rules they face. But Indian officials and regulators are stuck in an era where capital was scarce and controls were needed to fence it in. It is a clash of two mindsets.
Since economic reforms began in the early 1990s, controls on inward investments were eased. But those on outward investments remain tight. The IT companies and investors have been working to change this in recent months.
Access intelligence that drives action
To unlock this research, enter your email to log in or enquire about access
