22 results on '"ECONOMIC expansion"'
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2. Growth and Development under Alternative Policy Regimes in India: A Political Economy Perspective.
- Author
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Ghosh, Madhusudan
- Subjects
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ECONOMIC policy , *GROSS domestic product , *INCOME inequality , *ECONOMIC expansion , *URBAN poor - Abstract
This paper reviews the economic policies adopted by the Indian government under different policy regimes, provides a political economy perspective of economic growth in the country during 1950–2020 and examines the inclusiveness of the rapid economic growth in recent decades. The growth performance of the economy improved as the economy moved from inward-looking policy regime to the regimes of pro-business and pro-market policies. India's political economy was supportive of the changes in policy regime. After growing at a sluggish rate during the first three decades after 1950–1951, the gross domestic product (GDP) growth accelerated significantly after the pro-business reforms in the 1980s, and there was further acceleration after the pro-market reforms since 1991–1992. It has, however, slowed down in recent years. Nevertheless, it has not been inclusive, as the benefits of growth have not reached all sections of the population and all regions of the country equally. On the contrary, disparities in income across regions and inequalities in income, wealth and consumption among individuals have exacerbated, and the problems of unemployment and poverty have been persisting in the economy. [ABSTRACT FROM AUTHOR]
- Published
- 2023
- Full Text
- View/download PDF
3. Does financial development still a spur to economic growth in India?
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ECONOMIC expansion , *GRANGER causality test , *ECONOMIC development - Abstract
The present study examines the dynamic linkage between financial development and economic growth by taking saving as an intermediary variable in the case of India using annual data from 1970 to 2018. The result indicates the existence of long‐run cointegrating relationship between financial development economic growth. Result from the long run granger causality test reveals unidirectional causal flow from economic growth, savings (both total and private savings) and financial development. On the other hand, financial development also causes economic growth but not through savings. The short‐run causality test results show that economic growth granger causes financial development, but there is no causal flow from financial development to economic growth. Economic growth Granger causes savings (both domestic and private savings) but the savings does not cause economic growth. Bidirectional causalities run from financial development to savings and vice versa. The study concludes that savings can be taken as an important intermediary to run tri‐variate financial‐growth nexus. [ABSTRACT FROM AUTHOR]
- Published
- 2022
- Full Text
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4. A critical review of stock market development in India.
- Author
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Salameh, Samer and Ahmad, Asad
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STOCK exchanges , *EMERGING markets , *FINANCIAL markets , *ECONOMIC development , *ECONOMIC expansion - Abstract
The development of stock markets in the financial sector has been important. The expansion of stock markets has compelled various researchers to analyze its relationship with the economic process and development of countries. The studies have revealed that the performance of stock markets in a nation has a positive correlation to its economic growth. Bearing this relationship in mind, studies are being undertaken to recognize the elements responsible for stock market development in several nations. The researchers all around the world are trying to better understand determinants so that government establishments can create and target policies that may help the development of stock markets which further helps in economic development of the state. Throughout the past three decades, the global stock markets surged, and emerging markets played a vital role in this boom. Recent researches have begun to concentrate on the linkages between the stock markets and economic development. There has been an extensive analysis of the connection between the stock market and economic growth, but there is a dearth of theoretical empirical proof on what determines stock exchange development. Keeping in view the importance of stock markets in the development of economic development, the researchers in the present study have tried to bring out the factors that play a positive role in the development of stock market. [ABSTRACT FROM AUTHOR]
- Published
- 2022
- Full Text
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5. AN ANALYTICAL REVIEW OF MACROECONOMIC FACTORS IN RURAL SUSTAINABILITY IN INDIA:A THEORETICAL STUDY IN CONTEXT OF AGRICULTURAL DEVELOPMENT.
- Author
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VARMA, Vishal Singh, GUPTA, R., ŞMULEAC, Laura, PAŞCALĂU, R., GOYAL, R. K., TEKWANI, Kritika, and FERICEAN, Mihaela Liana
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AGRICULTURAL development , *FARM produce prices , *RURAL development , *SUSTAINABILITY , *ECONOMIC expansion , *RECESSIONS , *RURAL poor - Abstract
The financial growth of the region and the whole country can be broadly indicated by the macroeconomic factors. These factors are "geopolitical, environmental or economic event" by which the monetary stability of the country and its economy is highly influenced. The economic growth of the region shows ups and down due to these macroeconomic factors and this fluctuation can be "inside and outside" of control of the government and their citizen. The events that change the financial outlook of the country including its rural areas are all described the variables known as macroeconomic factors. There is a cyclical pattern that includes economic growth and recession and the people from different professions address these factors to know the finance related policies to maintain their financial stability. The study had reviewed macroeconomic factors in rural development in India and concludes that there are many significant consequences of macroeconomy development for agriculture sector and the main factor that links this sector to global macroeconomy are "exchange rates, international trade, foreign and domestic income, employment, interest rates, and energy costs". The macroeconomic changes at domestic and international level can bring in major shifts in the values of these indicators which in turn alter the agricultural price, production, consumption and trade of the country. [ABSTRACT FROM AUTHOR]
- Published
- 2022
6. QUESTIONING SUSTAINABILITY: ECONOMIC EXPANSION AND CONTRADICTIONS BEHIND INDIA'S ECO-FRIENDLY TEXTILE POLICY.
- Author
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Al-Fadhat, Faris and Nadita, Shuluh Shasa
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SUSTAINABILITY , *ECONOMIC expansion , *TEXTILE industry , *ECONOMIC development - Abstract
India's textile industry is among the largest in the world and contributes significantly to India's GDP and economic growth. As the second largest total exporter globally after China with more than 45 million workers, India's textile industry has long been the subject of criticism concerning labour exploitation and environmental damage. Since 2016, nevertheless, Narendra Modi's government has started to take a different yet somewhat perplexing approach to introducing and environmentally friendlier and more sustainable direction in its textile industry. This article aims to comprehend the reasons behind India's new policy arguing that—despite such changes—environmental sustainability has not become India's full concern in the textile sector at the moment. Such a shift was part of India's international market expansion strategy towards the European Union market which had imposed non—tariff import restrictions on India's textile products. This article also shows contradictions and tensions in the government's eco—friendly textile policy concerning its high production costs and India's yet dependence on conventional production systems. [ABSTRACT FROM AUTHOR]
- Published
- 2021
- Full Text
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7. How has India's economic growth and development affected its gender inequality?
- Author
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Tisdell, Clement A.
- Subjects
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GENDER inequality , *ECONOMIC expansion , *ECONOMIC development , *VIOLENCE against women , *INCOME inequality - Abstract
The basic characteristics are outlined of the UN's Gender Inequality Index (GII) and its Gender Development Index (GDI). Their trends in relation to India's real Gross National Income (GNI) per capita indicate a decline in its gender inequality with its economic growth. However, these trends give a distorted and incomplete picture of changes in Indian gender inequality. Several assumptions underlying GII and GDI are questioned in the Indian context, for example, within India more education of females is not associated with a reduced wage gap between males and females, and greater access of females to the labour market can raise gender inequality. The effects of economic growth (absent in the above indices) are assessed on Indian male–female ratios and on violence against women. Variations in gender inequality in India within households are also considered. New data results in the questioning of several existing hypotheses. [ABSTRACT FROM AUTHOR]
- Published
- 2021
- Full Text
- View/download PDF
8. Globalization, financial development and economic growth: Perils on the environmental sustainability of an emerging economy.
- Author
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Sethi, Pradeepta, Chakrabarti, Debkumar, and Bhattacharjee, Sankalpa
- Subjects
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ECONOMIC expansion , *SUSTAINABILITY , *ECONOMIC development , *FINANCIAL globalization , *GLOBALIZATION - Abstract
The study examines the effects of globalization, financial development, economic growth, and energy consumption on environmental sustainability in India over the period 1980–2015. The novelty of the study is the assessment of environmental sustainability in a single framework encompassing globalization, financial development, and growth effects. Findings reveal that an increased level of globalization and financial development while improving economic performance are inimical to the sustainability of the environment. In the short-run, globalization, economic growth, and increased energy consumption are contributing directly to environmental degradation, while banking sector development is impacting environmental sustainability adversely through the economic growth channel. Given the severity of the findings amidst India's tryst with economic growth, proactive policies are warranted to encourage adaptation of greener and cleaner technologies in environmentally sustainable areas. This necessitates improved institutional quality encompassing stringent environmental standards, legal systems, property rights, corruption, financial information quality, etc., alongside the provision of incentives and subsidies to manufacturing firms undertaking technological innovations and complying with the environmental standards. [ABSTRACT FROM AUTHOR]
- Published
- 2020
- Full Text
- View/download PDF
9. Re-examining the Effect of Financial Development on Economic Growth in India: Does the Measurement of Financial Development Matter?
- Author
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Lenka, Sanjaya Kumar and Sharma, Ruchi
- Subjects
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ECONOMIC expansion , *ECONOMIC development , *PRINCIPAL components analysis , *ERROR correction (Information theory) , *STOCK exchanges - Abstract
Financial development is a multidimensional process. Over the years with the invention of various new products and services, the financial sector (both financial institutions and financial markets) across the globe has significantly evolved. The endeavor in this article is to investigate the relationship between financial development and economic growth in India for the period 1980–2017. To do so, it employs principal component analysis (PCA) to construct a financial development index, which measures the financial depth of the Indian economy. Using the autoregressive distributed lag (ARDL) and error correction model (ECM), the study estimates a positive effect of financial development on economic growth in the long run and the short run, respectively. In addition, the empirical estimates posit a bidirectional relationship between financial development and economic growth. The uniqueness of this study lies in that it unravels a unidirectional relationship between the stock market and economic growth. The study, however, finds that appropriate liberalization policies spur economic growth in India. [ABSTRACT FROM AUTHOR]
- Published
- 2020
- Full Text
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10. NOTAS Y COMENTARIOS. KERALA, EQUIDAD Y AGRICULTURA BLOQUEADA.
- Author
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Pipitone, Ugo
- Subjects
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AGRICULTURE , *INDUSTRIES , *STAGNATION (Economics) , *ECONOMIC expansion , *ECONOMIC development ,INDIAN economy - Abstract
In the international economic debate, the southern Indian state of Kerala has been considered during the last three decades as a "model" of relative social well-being despite its low economic growth. In recent years, the situation has changed with a strong economic acceleration that bears out a new concern: The quality and resilience of economic growth that has not boosted agriculture or industrial production. We try to understand here the reasons for long term agricultural stagnation that obstructs the balanced development of a regional economy linked to high unemployment rates and soaring emigration flows. [ABSTRACT FROM AUTHOR]
- Published
- 2009
11. Nexus between Financial Development, Renewable Energy Consumption, Technological Innovations and CO 2 Emissions: The Case of India.
- Author
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Qayyum, Muhammad, Ali, Minhaj, Nizamani, Mir Muhammad, Li, Shijie, Yu, Yuyuan, and Jahanger, Atif
- Subjects
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ENERGY consumption , *CARBON dioxide , *ENVIRONMENTAL quality , *TECHNOLOGICAL progress , *ECONOMIC development , *ECONOMIC expansion - Abstract
Concerns regarding environmental sustainability have generally been an important element in achieving long-term development objectives. However, developing countries struggle to deal with these concerns, which all require specific treatment. As a result, this study explores the interaction between financial development, renewable energy consumption, technological innovations, and CO2 emissions in India from 1980 to 2019, taking into account the critical role of economic progress and urbanization. The Autoregressive Distributed Lag (ARDL) model is used to quantify long-run dynamics, while the Vector Error Correction Model is used to identify causal direction (VECM). According to the study's conclusions, financial development has a considerable positive impact on CO2 emissions. The coefficient of renewable energy consumption and technical innovations, on the other hand, is strongly negative in both the short and long run, indicating that increasing these measures will reduce CO2 emissions. Furthermore, economic expansion and urbanization have a negative impact on environmental quality since they emit a significant amount of CO2 into the atmosphere. The results of the robustness checks were obtained using the Fully Modified Ordinary Least Squares (FMOLS), the Dynamic Ordinary Least Squares (DOLS), and the Canonical Cointegration Regression (CCR) approaches to verify the findings. The VECM results reveal that there is long-run causality in CO2 emissions, financial development, renewable energy utilization, and urbanization. A range of diagnostic tests were also used to confirm the validity and reliability. This study delivers new findings that contribute to the existing literature and may be of particular interest to the country's policymakers in light of the financial system and its role in environmental issues. [ABSTRACT FROM AUTHOR]
- Published
- 2021
- Full Text
- View/download PDF
12. POLITICAL CAPACITY AND THE DECLINE OF FERTILITY IN INDIA.
- Author
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Rouyer, Alwyn R.
- Subjects
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ECONOMIC development , *ECONOMIC indicators , *MATHEMATICAL models , *PER capita , *ECONOMIC expansion , *ECONOMIC activity , *SOCIAL indicators , *PATH analysis (Statistics) - Abstract
With data from 15 Indian states, in this study I demonstrate that political capacity, defined as the ability of government to penetrate society and extract resources, has a more significant—though indirect—effect on fertility behavior than does level of economic development. A path-analysis model with six variables—crude birth rate (the dependent variable), family-planning-program effort, mean female age at marriage, physical-quality-of-life index (PQLI), income per capita, and political capacity—showed a strong indirect effect by the political-capacity measure on fertility decline through both the PQLI and family-planning effort. Within the model, income per capita had little effect on birth rate or any of the intervening variables. The conclusion drawn is that under conditions of economic backwardness as exist in India, it is politics, not economics, that is the primary determinant of fertility patterns. [ABSTRACT FROM AUTHOR]
- Published
- 1987
- Full Text
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13. The India Model.
- Author
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Das, Gurcharan
- Subjects
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ECONOMIC history , *MIDDLE class , *ECONOMIC development , *ECONOMIC expansion ,DEVELOPING countries - Abstract
The article discusses the economic success of India. Between 1980 and 2002, India's economy grew 6 percent a year, with that growth rising to 7.5 percent a year between 2002 and 2006. Along with this growth, the country's middle class has grown four times and population growth has slowed, bringing per-capita income gains. Though the country has been growing for decades, it has just recently been the focus of scrutiny from financial pundits around the world, who are encountering an interesting and unique strategy in its growth.
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- 2006
- Full Text
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14. Amid Disaster, New Confidence.
- Author
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Zakaria, Fareed
- Subjects
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ECONOMIC development , *CAPITALISM , *EMERGING markets , *ECONOMIC expansion , *MASS media & culture , *ECONOMIC activity , *INDUSTRIAL laws & legislation , *ECONOMIC indicators , *MARKETS , *TRANSITION economies , *FOREIGN investments ,INDIAN economy, 1947- ,DEVELOPING countries ,INDIAN economic policy - Abstract
Observes how much and how fast India is changing. Example of the response of individual Indians to the tsunami; Changes in media coverage of Indian society; Prospects for further economic reforms; Expansion of capitalism; Shifts in attitudes; How problems within government remain obstacles to growth; Outlook for reforms; Observations on the growing constituency for growth and good government; Suggestion that China is following the East Asian model.
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- 2005
15. Development Strategies for the Twenty First Century India.
- Author
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Sahay, Anjali
- Subjects
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ECONOMIC expansion , *ECONOMIC development , *INFORMATION technology ,INDIAN economy - Abstract
One of the most important driving forces behind the economic expansion in the world has been the development of information technology. This paper intends to examine India's place in the 'new economy' and the challenges and hurdles it faces. ..PAT.-Unpublished Manuscript [ABSTRACT FROM AUTHOR]
- Published
- 2008
16. Hidden value.
- Subjects
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INFORMAL sector , *ECONOMIC development , *GROSS domestic product , *ECONOMIC indicators , *ECONOMIC expansion ,INDIAN economy, 1991- - Abstract
The article focuses on the informal economy within Indian in 2013. Topics include the gross domestic product (GDP) of India in 2013, why economic measurements within India may not be accurate due to the inability to account for informal sectors, and if economic development in rural areas will continue in the future.
- Published
- 2013
17. The Economic Development Game has Changed.
- Author
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Barnes, Bill
- Subjects
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INTERNATIONAL economic relations , *ECONOMIC development , *ECONOMIC expansion ,DEVELOPED countries - Abstract
The article reports on the global economic competition and changes. According to editor Fareed Zakaria, despite the fact that U.S. will remain as the sole superpower in politico-military level, developing countries such as China and India are starting to grow that will make the U.S.'s dominance to slowly fade. President Bill Stafford of the Great Seattle's Trade Development Alliance (TDA) says that the economic changes will create positive and negative impacts on American cities and its leaders.
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- 2010
18. The big picture.
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ECONOMIC development , *EMERGING markets , *ECONOMIC expansion , *GROSS domestic product , *EXPORTS , *INTERNATIONAL trade ,DEVELOPING countries ,INDIAN economy, 1947- ,ECONOMIC conditions in China, 2000- - Abstract
The article compares China's expanding economy to other emerging economies in the world. China is only one of the world economy's emerging giants, along with India, Brazil and Russia. But it deserves special attention, because it has a bigger GDP than those three countries combined and, more importantly, it is much more integrated into the world economy, so its impact on other economies will inevitably be larger. India's population is almost as big as China's (the two together account for 38% of the world total), and its long-term economic potential is promising, but at present its economic weight in the world is still relatively modest. China's GDP is more than twice the size of India's, and its share of the growth in global GDP since 2000 has been three times larger. But the main difference is that China's exports of goods and services are about six times bigger than India's, and growing faster. Over the past 20 years, China's real GDP growth has averaged 9.5% a year, compared with India's 5.7%, and it is likely to outpace India's for at least another decade. Looking two decades ahead, India will probably overtake China in the growth stakes because its population is younger and growing faster, so its workforce will continue to expand when China's ageing population will start to slow it down.
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- 2004
19. Millions of New Vehicles in India Give Oil Pricesa Lift.
- Author
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Strumpf, Dan and Sparshott, Jeffrey
- Subjects
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ECONOMIC expansion , *PETROLEUM sales & prices , *OIL consumption , *ECONOMIC development , *AUTOMOBILE sales & prices - Published
- 2016
20. India’s Economic Growth Picks Up Pace, Accelerating to 7.6%.
- Author
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Zhong, Raymond
- Subjects
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ECONOMIC development , *SERVICE industries , *ECONOMIC expansion , *CONSUMPTION (Economics) - Published
- 2016
21. India Growth Rate Set to Rival China.
- Author
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Zhong, Raymond and Kala, Anant Vijay
- Subjects
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ECONOMIC expansion , *GROSS domestic product , *FISCAL year , *ECONOMIC development - Published
- 2015
22. India Reins In Ambitious Building Plans.
- Author
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Bellman, Eric, Range, Jackie, Pokharel, Krishna, and Engineer, Tariq
- Subjects
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ECONOMIC expansion , *ECONOMIC development , *FINANCIAL crises , *ROADSIDE improvement , *ROAD maintenance ,INDIAN economy, 1991- - Abstract
The article discloses the effect of the global credit crisis as India delays its infrastructure projects as initiatives for economic boost. Report says that almost half of the nation's highway improvement projects worth more than $6 billion would be put on hold. This translates to putting at risk about 3,700 miles of much-needed highway improvements in India. India's infrastructure deficit is said to be greater that most countries after five years of average economic expansion close to 9 per cent.
- Published
- 2008
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