ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

GrowthSubscribe to Growth

Can Growth Be Sustained?

Slump in consumption, surging prices, and slow growth in key sectors are likely to stall the recovery.

Surge in Exports

Despite the recent gains, the relative size of the exports sector remains significantly below the peak levels.

Dynamics of Economic Growth in India

Using a model based on the Stojanovic’s matrix of growth to understand India’s economic progress shows that the service sector has been the dominant mover of the economy after the start of the reforms in 1990–91. The growth pattern, according to the matrix of growth, can be interpreted as maximising long-run efficiency, and hence, it might be an appropriate investment policy to approximate the output proportions generated using the matrix of growth.

Performance of Indian Information Technology Sector

In this age of computers, the development and advancement of the information technology sector can push a developing economy into the developed countries category. The present study found that the IT sector of India has experienced boom and prosperity during the first decade of this century. Therefore, the supportive policies and acts, such as the Information Technology Act, 2000, National Broadband Policy, 2004, and Special Economic Zones Act, 2005 have favourable impact on the information technology sector. Meanwhile, it is moving towards recession in the second half of the second decade of this century. However, the study confirms good performance of India’s information technology sector in terms of its contribution to the gross domestic product, foreign exchange earnings, and employment generation in the Indian economy.

Poverty and Deprivation in India

Building on the asset-based indicator, this paper estimates deprivation in India. The results suggest that there is a difference in the regional ranking of poverty based on the long-term picture of vulnerability provided by the asset-based indicator of deprivation. It also shows that while consumption poverty could identify the poor as a group, it cannot identify who among the poor are suffering from long-term deprivation, thus seeking a prompt policy attention.

Is the Economy Heading towards Stagflation?

Erratic fiscal and monetary policies tend to slow down growth and fuel inflation.

Durable Growth Revival

The recent growth recovery has been uneven as is visible across different sectors of the economy and different segments of the population. This unevenness is hurting the consumption of lower-income households and private investments, which are vital for sustained or durable growth.

Post-COVID-19 Paths to Fiscal Consolidation

In order to analyse how the excess of growth over the real interest rate can best contribute to Indian post-COVID-19 debt adjustment paths, the article draws on historical experience, past adjustment episodes and special features of emerging markets. It notes that a countercyclical primary deficit will contribute, and together with a substantial g–r gap, lower debt most efficiently, creating space for adequate fiscal response to future shocks.

Globalisation and the Indian Farmer

The article analyses the impact of globalisation on income and levels of living in the rural sector. It also discusses the changes in India’s stance on food security in global negotiations.

The Impasse over GST Compensation

The GST council should arrive at a consensus to compensate the states for revenue shortfalls.

Rapid Growth of Private Universities

Over the last two decades India has witnessed a rapid rise in the number of private universities. Various state governments have encouraged and justified this growth in order to increase enrolment in higher education, and private capital has welcomed this state encouragement. However, the implications of this move on access to higher education and the variety of other challenges that it presents are debated. Based on higher education enrolment data from the All India Survey on Higher Education, this paper attempts to study the social and academic character of universities to understand the consequences of the rapid growth of private universities for the university space as a whole.

Inclusive Fiscal Adjustment for Reviving Growth

Unrealistic revenue projections leading to strong expenditure compression is primarily responsible for India’s growth deceleration. Growth will decelerate further without a programme of deep fiscal adjustment. How a fiscal space, amounting to over 6% of the gross domestic product, can be freed through such an adjustment programme is demonstrated. This space can be potentially used for an inclusive public expenditure-led strategy for reviving growth.

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