Pang, Gaobo; Pinto, Brian; Wes, Marina - 2012
Over the past 25 years, India's economy grew at an average real rate of close to 6 percent, with growth rates in recent … than in the 1980s. The authors examine the links between public finances and growth in the post-1991 period. They argue … stronger microfoundations for growth by increasing competition and hardening budget constraints for firms and financial sector …