The book "Foreign Portfolio Flows into India" by Nirmal Roy V P provides a comprehensive analysis of foreign portfolio flows into India and their underlying motives. It argues that a deep understanding of the current openness and the underlying reasons for financial flows is essential before considering a full liberalization of these flows. The empirical investigation employs the method developed by Quinn (1997) to estimate an openness index in order to assess the impact of capital controls. The findings indicate that most controls in India have been relaxed and that foreign portfolio flows are primarily driven by the motive of capital gains. These insights are particularly relevant in the context of the changing positions of international institutions such as the IMF, which now recognize that capital controls can be a legitimate measure for policymakers.