The following booklet titled “Foreign Capital” was published on December 17, 1995, and was authored by Kiran Nanda. The author in this booklet writes that foreign capital is an essential component of the Indian economy and highly significant to boost its growth. She mentions that the New Industrial Policy of 1991 and the Amendment of the Foreign Exchange Regulation Act accompanied by several reforms contributed to the growth of foreign capital in India. Moreover, economic liberalization unlocked a new development path with numerous opportunities for raising capital, such as the mechanism of Global Depository Receipts(GDR), foreign equity holdings, etc. Further, the author elucidates the status and growth of foreign investment in India over the years. In addition to this, she brings to light the significant events and changes unfolding in the economy against the backdrop of rising foreign capital and privatisation. Finally, the author discusses some crucial issues surrounding foreign capital, such as discrimination against Indian industry, whether foreign capital is inflationary, Impact on the rupee, etc.