In the past, foreign shocks arrived to national economies mainly through trade channels, and transmissions of such shocks took time to come into effect. However, after capital globalization, shocks spread to markets almost immediately. Despite the increasing macroeconomic dangers that the...

The recent decline in gross domestic product (GDP) growth in India raised a debate about whether it is a trend or a business cycle slowdown. We observe a cyclical downturn post-global financial crisis due to external and domestic conditions. With global recovery strengthening and appropriate...

The Australia South Asia Research Centre (ASARC) was established in 1994 in one of the premier universities of the world - The Australian National University (ANU). Apart from its research and doctoral training activities, ASARC also needed a public forum with a global reach to involve the best...

India has risen internationally since the 1990s. The most important reasons for this success are its economic reforms since 1991 and new international constellations since the East-West conflict. Both have earned the country a significantly greater say on global issues, but India's rise is quite...

India, like China, had a "good" crisis; both have spearheaded exuberant post-crisis recovery in emerging markets. A combination of stable government and roaring growth gives rise to predictions that India will hit annual growth rates of 10 per cent or more. This is India hype. Reforms have...