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The classical argument for free trade stressed the possibilities of economic growth by exploiting the gains from trade. A trade surplus per se was not the main objective; presumably the argument was that trade would be balanced at the new higher growth rate. Moreover, the arguments for free trade...
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India's foreign exchange reserves have risen rapidly since the balance-of-payment crisis in 1991 to over US$155 billion … by mid-2006. India is now the fifth largest Asian reserve holder. Despite this, scant attention has been paid to the … rationale for and impact of reserves accumulation in India. This paper estimates the extent of de facto sterilization and …
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This paper attempts to improve the aggregative, structural, macroeconometric model for India that has been under … as a way of overcoming the global economic crisis in India are illustrated. Public investment through commercial bank … borrowing seems to have an advantage over other ways of financing investment in India. …
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Many scholars have questioned the role of the IT industry in India’s economic development. Some have correctly highlighted the limited impact of IT firms in creating occupations accessible to less-educated people or the modest impact of industry output on the livelihoods of people from...
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Services sector in India contributes more than 60% of the overall gross domestic product (GDP) and more than 40% of … imports) in economic growth of India using autoregressive distributed lag and vector error correction model (VECM) methodology …-led growth in India during the post-reform period. …
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service exports and outputs in India; whereas FDI inflow appears to have no significant impact on service exports and outputs …
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