External Debt Composition — Mains Questions

Analyze the evolution of India's external debt composition since economic liberalization and examine its implications for macroeconomic stability and policy autonomy.

Evaluate the role of External Commercial Borrowings (ECBs) in India's external debt composition and assess the regulatory framework governing ECBs in the context of capital account management.

Critically examine how the currency composition of India's external debt affects exchange rate policy and monetary policy independence, with special reference to the 'fear of floating' phenomenon.