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Service-Led Growth and the Balance of Payments Constraint in India

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  • Suranjana Nabar-Bhaduri
  • Matías Vernengo

Abstract

The authors argue that the current servicedominated growth of India may well be a dead end. India must orient a new industrial policy toward manufacturing, infrastructure, and research.

Suggested Citation

  • Suranjana Nabar-Bhaduri & Matías Vernengo, 2012. "Service-Led Growth and the Balance of Payments Constraint in India," Challenge, Taylor & Francis Journals, vol. 55(5), pages 79-93.
    • Handle: RePEc:mes:challe:v:55:y:2012:i:5:p:79-93
    DOI: 10.2753/0577-5132550504
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    References listed on IDEAS

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    1. Anthony P. Thirlwall, 2011. "The Balance of Payments Constraint as an Explanation of International Growth Rate Differences," PSL Quarterly Review, Economia civile, vol. 64(259), pages 429-438.
    2. World Bank, 2011. "World Development Indicators 2011," World Bank Publications - Books, The World Bank Group, number 2315, December.
    3. Khundrakpam, J. K. & Ranjan, Rajiv, 2008. "Can an Inter-temporal Model Explain India's Current Account Balance?," MPRA Paper 50928, University Library of Munich, Germany.
    4. Mazumdar, Surajit, 2008. "Investment and growth in India under liberalization: Asymmetries and Instabilities," MPRA Paper 19629, University Library of Munich, Germany.
    5. Suranjana Nabar-Bhaduri, 2011. "What Lies Beneath," International Journal of Political Economy, Taylor & Francis Journals, vol. 40(1), pages 69-85.
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    Cited by:

    1. Gozgor, Giray, 2018. "Does the structure of employment affect the external imbalances? Theory and evidence," Structural Change and Economic Dynamics, Elsevier, vol. 45(C), pages 77-83.

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