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Accelerating And Sustaining Growth; Economic and Political Lessons

  • Arvind Virmani

The paper reviews and draws lessons from the experience of fast growing economies including a sub-set of these termed High Growth Economies (HGEs) with a decadal rate of over 7 per cent. It then reviews the history of the Indian growth acceleration following the reforms of the 1990s and its future prospects given the recent slowdown. It analysis the potential dangers and reasons for India’s growth slowdown and proposes policy reforms for sustaining fast growth.

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Paper provided by International Monetary Fund in its series IMF Working Papers with number 12/185.

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Length: 46
Date of creation: 01 Jul 2012
Date of revision:
Handle: RePEc:imf:imfwpa:12/185
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  1. Helpman, E. & Rangel, A., 1998. "Adjusting to a New Technology: Experience and Training," Papers 07-98, Tel Aviv.
  2. Arvind Virmani & Danish A Hashim, 2011. "J-Curve of Productivity and Growth; Indian Manufacturing Post-Liberalization," IMF Working Papers 11/163, International Monetary Fund.
  3. Barry Eichengreen & Donghyun Park & Kwanho Shin, 2011. "When Fast Growing Economies Slow Down: International Evidence and Implications for China," NBER Working Papers 16919, National Bureau of Economic Research, Inc.
  4. Jerzmanowski, Michal, 2006. "Empirics of hills, plateaus, mountains and plains: A Markov-switching approach to growth," Journal of Development Economics, Elsevier, vol. 81(2), pages 357-385, December.
  5. Arvind Virmani, 2006. "India's Economic Growth History: Fluctuations, Trends, Break Points and Phases," Indian Economic Review, Department of Economics, Delhi School of Economics, vol. 41(1), pages 81-103, July.
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