With exports almost half of its GDP and most of these directed to Europe and North America, negative financial shocks in those regions might be expected to retard China’s growth. Yet mitigating factors include the temporary flight of North American and European savings into Chinese investment...

Globalization in this paper concerns diffusion of idea, and technique of doing business. Organised retailing and retailing through big shopping complexes and malls is an idea, which is drawn from within and across nations. Thus, this idea is necessarily global and expansion of this idea is an...

This paper explains the complex of factors in the weakening of the Congress Party from the height of its power at the centre in 1984. They are connected with the rise of state and regional-based parties, the greater acceptability of BJP as an alternative in some of the states and at the Centre,...

This paper underscores the substantial spatial disparities across India and evaluates the case for putting together (various versions) of the Goods and Service Tax (GST) and also indicates the risks involved in the process. This paper argues that, on balance, there is a case for an appropriately...

India suffered humiliations in terms of balance of payments crises in 1991 but since then it has weathered all crises, which have hit the world economies despite the fact that subsequent periods have seen even larger current account and fiscal deficits. It is in this context that an analysis of...

In Is corruption influenced by economic growth? Are legal institutions such as the 'Right to Information Act (RTI) 2005' in India effective in curbing corruption? Using a novel panel dataset covering 20 Indian states and the periods 2005 and 2008 we estimate the causal effects of economic growth...