A review of the overall macroeconomic performance in India since independence, the prospects for the coming five years and finally the issues that need to be addressed for sustaining the growth of the Indian economy. [Keynote Address by Dr.Rakesh Mohan, Deputy Governor, Reserve Bank of India at...

A distinguishing aspect of the growth performance is that India now has five mobile phones for every one fixed telephone and the monthly additions to mobile subscribers are well over six million. Such a huge growth in telecom services have a number of spillover effects for rest of the economy...

This study is an inter-sectoral analysis of state domestic product data to understand the determinants of the services sector growth in India during the recent years. It is a demand side analysis where the services sector output of a specific state is not only a function of the outputs of a...

This paper reviews India’s experience to understand how services sector liberalisation can generate (welfare) gains for developing countries, in particular vis-à-vis its employment generation potential. The analysis has been based on India’s experience of an increasingly open service sector...

The 11th Plan provides an opportunity to restructure policies to achieve a new vision of growth that will be much more broad based and inclusive, bringing about a faster reduction in poverty and helping bridge the divides that are currently the focus of so much attention. The first steps in this...

The study examines the impact of aggregate government expenditure and its two broader components such as revenue expenditure and capital expenditure on the growth rate of output in the Indian context along with other key potential determinants of economic growth such as trade openness and...

A birds-eye-view of the issues for policy making in the services sector is given. This growth, employment and export oriented sector in India having a proven competitive advantage needs to be given its due attention. [Serial No. 1/2007-DEA].

Annual report of RBI for the year 2006-07

An attempt has been made to analyse agricultural growth and the contribution of various components to the overall output growth of the Maharashtra State for the period from 1961-62 to 1997-98. It is observed that the growth in area of major crops in the state revealed mixed trend. The future...

A review of the recent developments in the Indian Economy. Review of the trends in monetary policy challenges globally and for emerging market economies (EMEs) in particular. The monetary policy framework in India is expalined. Some issues in the conduct of monetary policy in India is given...