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This comment examines the energy challenges that the Indian government faces in developing its infrastructure. It briefly summarizes the policies adopted by the government, as well as their scope and limits
Persistent link: https://www.econbiz.de/10014198721
The structural transformation of the Indian economy from agriculture (primary sector) dominated to one led by the services sector (tertiary sector), bypassing the intermediate stage of manufacturing (secondary sector) led growth, offers an alternative to conventional theories of economic...
Persistent link: https://www.econbiz.de/10014131989
In this paper, we explore the effects of India's federal structure on state-level fiscal responsibility. Drawing from a 1991-2018 dataset, we argue that higher levels of transfer and borrowing dependence (soft budget constraints) from the central government facilitate lower levels of fiscal...
Persistent link: https://www.econbiz.de/10014447579
In this paper, we explore the effects of India’s federal structure on state-level fiscal responsibility. Drawing from a dataset that covers the period from 1991 to 2019, we argue that a low marginal retention rate, a high level of transfer dependence and a high level of borrowing dependence...
Persistent link: https://www.econbiz.de/10014097490
Geopolitical competition is increasing everywhere, and the Indian Ocean is no exception. One of the most significant causes of this phenomenon is the Chinese driven Belt- and Road Initiative (BRI). In its quest to challenge the economic, political, and military supremacy of Western liberal...
Persistent link: https://www.econbiz.de/10013306969
Invoking expropriatory legislation has invariably raised public alarm. Land acquisition may be graded as the most unpopular of such legislations. Controversies, protests and violences have marred almost all land acquisition projects in India. This public resent was reflected in the 2012 Report...
Persistent link: https://www.econbiz.de/10014161781
Persistent link: https://www.econbiz.de/10014261502
This paper examines the empirical relationship between the quality of the Indian judiciary and the economic development of the Indian States and Union Territories. It evaluates this causality by analysing the development of the state-level per capita income and poverty rates. I define the...
Persistent link: https://www.econbiz.de/10005412513
Contemporary historians usually attribute the East India Company's military success in India to its military strength, and to the mutual distrust of Indian regimes. We argue these explanations, though correct, are incomplete. The credibility of the Company's commitments, even though imperfect,...
Persistent link: https://www.econbiz.de/10008520345
The East India Company's conquest of India was facilitated by the behavior of its Indian rivals who not only did not ally against it, but often supported it militarily. Historians have typically attributed this to myopia, the failure to understand the long-term threat represented by the Company....
Persistent link: https://www.econbiz.de/10010572352