This paper develops tools to examine selected major issues in the Indian economy. The study computes the potential growth rate of the economy and the agricultural sector, extends the analysis of the fiscal stimulus and its effects, and estimates the short and long run elasticities of India's...

This paper develops tools to examine selected major issues in the Indian economy. The studycomputes the potential growth rate of the economy and the agricultural sector, extends theanalysis of the fiscal stimulus and its effects, and estimates the short and long run elasticitiesof India's trade....