India's Growth Story: A Model of 'Riskless Capitalism'?

March 12, 2017

This paper seeks to theoretically analyse the change in growth patterns in post-reform India.

While 1991 marks a break in the Indian economy in terms of its opening up, it was not the 1990s which saw spectacular rates of growth such as those seen in the 2000s. Our attempt here is to situate two signi cant booms that the post-reform period has witnessed so far, 2003-04 to 2007-08 and 2009-10 to 2010-11, in a macrotheoretic model.

Authors: Rohit Azad, Prasenjit Bose
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