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

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India Crisis, Reform and Growth

Arvind Virmani Sectoral analysis of the performance of the Indian economy demonstrates that growth has accelerated where reforms have been most extensive and has regressed where they have been slow. Individual sectors do not, however, grow in isolation. Slowly growing non-tradable service sectors eventually tend to slow-down the faster growing ones. We need, therefore, to broaden and deepen the reform process if the momentum of higher growth is to he maintained.

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