With such attention being focused on the policy issues, it makes more than a little sense, to focus the attention there as well in order to have a higher likelihood of success than without the same attention. In order to focus attention on those policy issues it must be understood what those policy issues entail.
Those issues can include such items as exchange rates, currency crises and other financial events taking place in either country. The MIT study stated other components should also be addressed. "These include theory and evidence of exchange rate-based stabilizations....sovereign debt management and reform of the international financial system" (Obsteldt). Since there is currently no major problems between the two countries, both countries participate in the World Monetary Fund as active members, and neither country is mismanage their debt management, it would seem that both countries would benefit from more trade between the two entities, which would also lead to the assumption that a business entity would also benefit from the same factors.
Reform of the international financial system was really not a major factor in this study since it has already been reformed in previous years. To reform the system again in order to facilitate a common financial foundation between the two countries does not make a lot of sense at this particular time.
Other relevant factors in this decision are whether the costs of doing business in India is similar to the current costs of doing business elsewhere, and they seem to be very similar. The expense...
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