Macroeconomic stability is an indispensable precondition for growth. Like most of the states of India, the fiscal situation of Orissa deteriorated in the late 1980s and the 1990s. The enactment of the FRBM Act in 2005 helped the Government of Orissa to reduce deficits and generate surplus. The...

: An effective institutional framework is essential to sustain growth in output, efficiency and capacity of the utility service sectors. The regulatory agency is intended to provide the high quality institution , which permits and fosters sustained growth in capacity and efficiency in utility...

: The goal of development is to improve human well-being in a sustainable way, with a particular emphasis on less well-off. India s economic growth has received potential attention in the recent years. While the economy of India has been growing rapidly with broadly based gains in absolute...

Convergence refers to the process by which poorer countries or regions grow faster than their rich counterparts. Regional wage rate per capita converged across Indian states between 1956-57 to 1992-93. The rate of convergence can be ex plained by a direct measurement of convergence, an indirect...