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Introduction

In: INDIAN ECONOMY Empirical Analysis on Monetary and Financial Issues in India

Author

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  • Takeshi Inoue
  • Shigeyuki Hamori

Abstract

After launching the reforms of economic liberalization in the early 1990s, India entered a high-growth phase in the early 2000s. Every year since 2007, India has ranked third in Asia (after China and Japan) in terms of gross domestic product (GDP). Although the growth rate has been slowing down since 2011, India is expected to drive the global economy in the medium to long run. Meanwhile, according to the World Bank's estimate in 2008, the global number of poor living on less than USD 1.25 per day (2005 purchasing power parity prices) is approximately 1.4 billion, onethird of whom are concentrated in India, thus making it a country with the largest poor population (Chen and Ravallion, 2008)…

Suggested Citation

  • Takeshi Inoue & Shigeyuki Hamori, 2014. "Introduction," World Scientific Book Chapters, in: INDIAN ECONOMY Empirical Analysis on Monetary and Financial Issues in India, chapter 1, pages 1-5, World Scientific Publishing Co. Pte. Ltd..
  • Handle: RePEc:wsi:wschap:9789814571913_0001
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    Cited by:

    1. Abhnil Amtesh Prasad & Merlinde Kay, 2021. "Prediction of Solar Power Using Near-Real Time Satellite Data," Energies, MDPI, vol. 14(18), pages 1-20, September.

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