A major focus of India's ongoing policy debate over labour market flexibilization has been the statutory requirement that firms employing 100 or more workers cannot dismiss employees without prior government permission. The case for repealing that requirement (or greatly increasing the workforce...

This paper tries to examine the sustainability aspect of the rate of growth (rog) in recent years, designated as ‘the second phase of liberalisation’. This paper is based on the Keynesian framework which envisages that output in the economy is demand determined and therefore the rog...