ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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Budget and Growth

The current wave of economic growth is not unique to India, it is a global phenomenon. India's average growth rate over 2000-04 is identical to that of other emerging market and developing economies, though it is lower than that of developing Asia. Growth has been consumption led, via credit expansion, and yet there are no specific measures to stimulate savings and investments or enhance productivity in the 2006-07 budget.

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