Final answer:
The provided information discusses economic measures to mitigate India's current account deficit and suggestions to reform labor laws and invest in workforce skills development. However, it does not directly address the factors affecting India's Total Fertility Rate (TFR).
Step-by-step explanation:
The question "What has prevented India from lowering its TFR?" seems to be unclearly connected to the provided information, which focuses on economic factors such as current account deficit, capital flows, labor laws, and workforce skills rather than factors directly influencing Total Fertility Rate (TFR).
However, addressing the economic aspects, one significant challenge for India has been its current account deficit, influenced by capital flows. Efforts to mitigate this include allowing domestic savers to invest abroad and improving domestic capital markets to provide greater access to capital for potential business owners. Additionally, India faces a complex array of national and state-level labor laws that complicate hiring and firing decisions, thus hindering employment flexibility. To boost employment, the government is suggested to streamline these regulations and invest in education and vocational training to improve workforce skills.