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...

The impact of economic crisis on India has been analysed in the speech. [Speech delivered at the Symposium on 'The Global Economic Crisis and Challenges for the Asian Economy in a Changing World'].

This paper provides a robust normative evaluation of the spectacular growth episode that India has experienced in the last 15 years. Specifically, the paper compares the evolution, between 1988, 1996 and 2001 of the distribution of several individual attributes on the basis of ethically robust...

The purpose of this paper is to provide evidence, and argue, that stunning as India’s success is, the potential – and need – is for still more reform and more rapid growth. 8 percent is a good rate of growth, but many are destined needlessly to be left behind for years to...

The speech mainly gives insights into aspects like what is globalisation, urban growth in the next 30 years, new challenges of Globalisation for Cities, the poor that emerges along with the cities, the demographic changes that are going to take place, urban financing and governance [Plenary...

The Reserve Bank released the document “Macroeconomic and Monetary Developments: First Quarter Review 2008-09†to serve as a backdrop to the First Quarter Review of Annual Policy Statement for 2008-09.

This paper compares and contrasts the performance of India and China in attracting foreign direct investment (FDI). Both economies are large emerging markets that had rather similar profiles in 1978. Today, China ranks number one as the world’s preferred foreign investment destination....

This paper uses the standard one-sector neoclassical growth model to investigate why China’s consumption has been low and investment high. This paper looks into the role played by the financial sector in the growth process of China and India. [WP No. 224].

Use of Macroeconometric models has by now assumed a measure of universality as an unavoidable aid to forecasting and policy analysis; challenges and controversies spread over more than two decades notwithstanding.1 While such models are typically designed and utilised for dealing with short term...