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

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The Growth Rate Mystery

Regardless of the degree of gain achieved consequent upon the changes in the economic policy there is no dispute over the fact that the 1991 crisis was converted into an opportunity to change the direction of the economy. What then are the points at issue? Three major studies published recently have explored the change of trajectory of the long-term growth rate of the Indian economy. But these studies also leave messages that are contradictory, if not confusing.

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