Pearson eText International Business: The Challenges of Globalization -- Instant Access (Pearson+)
Pearson eText International Business: The Challenges of Globalization -- Instant Access (Pearson+)
9th Edition
ISBN: 9780136879879
Author: John Wild, Kenneth Wild
Publisher: PEARSON+
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Chapter 9, Problem 13MESP
Summary Introduction

To Determine:

The restrictions on the exchange of the nation’s currency

Introduction:

The country selected for the Market Entry Strategy Project (MESP) is India. India is one of the fastest growing economies in the world. India is also one of the leading countries in the financial sector as it has several banks with the international presence and one the most attracting investment market.

In India, the foreign exchange transactions are regulated by the legislation called The Foreign Exchange Regulation Act, 1973 (FERA).

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