This paper attempts to explore a new dimension of India’s ‘finance-growth-crisis’ nexus. For this end, the summary … specifying the break date through the Bai and Perron (1998; 2003) test. The key findings are: (1) India’s finance-growth nexus is …

paper analyses the growth and development experience in India using multiple indicators. Development seems to have lagged …

Total factor productivity plays an important role in the growth of the economy. Using recently available state level … data over 1993 and 2005, we find widespread regional variation in productivity changes. In the beginning of the … liberalization era, improvement in technical efficiency contributes to the growth of the productivity. In the later periods, however …

Abstract: This paper examines the sustainability of the unprecedentedly high aggregate GDP growth witnessed in India … corporate-sector led growth trajectory in India suffers from a fundamental contradiction which renders it inherently unstable … slowdown in the second half of the 1990s. The paper shows that high growth in India after 2003-04 did not eliminate this …

This paper considers the status of economic reform in India, to understand which further reforms might be desirable … undertaken, the paper attempts to understand the political economy of the process of economic reform in India, and how that …