Introduction

Takeshi Inoue and Shigeyuki Hamori

Chapter 1 in Indian Economy:Empirical Analysis on Monetary and Financial Issues in India, 2014, pp 1-5 from World Scientific Publishing Co. Pte. Ltd.

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)…

Keywords: Financial Markets; Indian Economy; Monetary Policy; Poverty-Finance Nexus (search for similar items in EconPapers)
Date: 2014
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