Is India Key to Asian Financial Integration

This chapter investigates the status of financial integration among the Asian economies by analysing several measures of financial integration. Moreover, it provides an in-depth analysis of the status of sub-regional integration within Asia, viz. economic freedom, capital control, foreign direct, portfolio investment etc. It is observed that the East and Southeast Asian integration is far ahead of that of South Asia. Apart from the already leading role of Japan, India is likely to play a significant role in the entire economic integration at the regional level since India has a unique role to play in the integration of South Asia.