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

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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.
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