India's Post-Liberalisation Blues

Deepak Lal

World Economics, 2011, vol. 12, issue 4, 1-12

Abstract: This article first explains why India's recent form of rent seeking has not damaged its growth performance. Second, it argues that India's recent embrace of Latin American style populism could lead to a ‘growth collapse'. Third, the entitlement economy being created from the rising tax revenues of recent economic growth could lead to fiscal crises in the face of terms of trade shocks. Fourth, its failure to complete the second generation reforms particularly of the labour market, has held back the labour-intensive industrialisation needed to make use of the ‘demographic dividend'.

Date: 2011
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.worldeconomics.com/Journal/Papers/Article.details?ID=492 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wej:wldecn:492

Access Statistics for this article

More articles in World Economics from World Economics, 1 Ivory Square, Plantation Wharf, London, United Kingdom, SW11 3UE
Bibliographic data for series maintained by Ed Jones ().