India's Vicious Downward Cycle  

Oleh:

Debroy, Bibek

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: Far Eastern Economic Review vol. 172 no. 2 (Mar. 2009), page 17.
Topik: India; Economic Growth; Economic Reforms

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: FF21.21 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Isi artikel

India’s economic growth is now trending downward, but not everything can be ascribed to the global financial crisis. The present cycle of economic reforms in India dates to 1991. These reforms were triggered by an external balance of payments crisis in 1990-91. In a federal country, not all reforms are under the purview of the central government; some are state subjects. To the extent the central government is involved, it has often been argued that the absence of a crisis led to complacency and reforms stagnated. This has been even more the case since 2003, when India moved to a higher growth trajectory.

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