The sub-prime crisis began in mid-2007 as a bursting of the US housing market bubble and became a truly global meltdown in 2008. Renewed instability in financial markets precipitated awareness of how policy makers must react to systemic failures. This paper discusses the primary policy issues...

The Agricultural Credit Review Committee (1989) headed by Khusro identified several weaknesses in the rural credit delivery system which included poor loan recovery and overdues. In this context, the economic survey (1992-1993) had noted that 'despite phenomenal increase in overall agricultural...

The world's economy is in crisis for over five years; consequently, many of the countries of this world are witnessing unprecedented fall in output, trade and employment since 2008; and India's economy is no exception. This study with the available sources of data finds that the decoupling...

This paper examines the impact of growth and income inequality on poverty for a panel of five selected South Asian Association For Regional Cooperation (SAARC) countries; namely, Bangladesh, India, Nepal, Pakistan and Sri Lanka; over the period of 1990-2008. Using Pedroni's (2004) test for panel...

This study aims at examining the role of the international trade and financial integration behind the impressive economic growth rates of the BRIC economies. It employs a Barro-type growth model encompassing several robust correlates of economic growth and alternative measures of international...

Services sector in India contributes more than 60% of the overall gross domestic product (GDP) and more than 40% of total trade. This sector also absorbs a chunk of manpower, especially in export-oriented industries and reduces the employment burden on other non-services sectors. In this...

This paper investigates the impact of stock market development, money supply and inflation on economic growth in India during the post-globalisation era of the 1990s, especially during the period from 1994 to 2012. Using autoregressive distributive lag (ARDL) bounds testing approach, the study...