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  1. Home
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  3. Reviving Growth in India
  • Cited by 1
Publisher:
Cambridge University Press
Online publication date:
December 2015
Print publication year:
2015
Online ISBN:
9781316106631
DOI:
https://doi.org/10.1017/CBO9781316106631
Subjects:
Economics, Area Studies, South Asian Government, Politics and Policy, Asian Studies, Politics and International Relations, Economic Development and Growth
Information

Book description

This book brings together the latest research findings from leading economists from India and abroad on ways to revive and sustain higher growth rates in India. Divided into five parts, the first part empirically examines the various factors that affect poverty and shows that growth is crucial to poverty reduction. The second part investigates the factors responsible for sustaining industrial growth including skill formation and innovation. Part III analyses the critical role of monetary policy and shows that it is not very effective in the presence of commodity price shocks and supply constraints. It explains why RBI could not effectively control inflation and why the government must play a crucial supporting role in controlling inflation. Part IV then analyses various supply constraints to growth including agriculture, energy security, social and physical infrastructure and discusses how to deal with them effectively. Part V analyses the labour and financial market policies.

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