The recent decline in gross domestic product (GDP) growth in India raised a debate about whether it is a trend or a business cycle slowdown. We observe a cyclical downturn post-global financial crisis due to external and domestic conditions. With global recovery strengthening and appropriate...

With the revival of global economy, the issues of exit policies and rebalancing global growth have taken center stage in policy discussions. Since many emerging Asian economies presently have large current account surpluses, the issue of rebalancing has special significance for Asia. While...

Sowohl China als auch Indien haben in den vergangenen 30 Jahren eine bemerkenswerte wirtschaftliche Transformation vollzogen. Aus den beiden ökonomisch unterentwickelten Staaten sind zwei zukünftige wirtschaftliche und politische Supermächte erwachsen. Trotz zahlreicher Reformen zur...

India, like China, had a "good" crisis; both have spearheaded exuberant post-crisis recovery in emerging markets. A combination of stable government and roaring growth gives rise to predictions that India will hit annual growth rates of 10 per cent or more. This is India hype. Reforms have...

Economic policy and policy reform over the last few decades has been motivated by the need to accelerate growth or equivalently to reverse a decline in growth rate. The economic literature on the determinants of growth has burgeoned and disagreement has followed consensus on the policy...