India’s Post-Liberalisation Growth Experience: An Analysis by the Demand Components

Anamitra Roychowdhury and Shouvik Chakraborty

Working Papers from eSocialSciences

Abstract: This paper tries to examine the sustainability aspect of the rate of growth (rog) in recent years, designated as ‘the second phase of liberalisation’. This paper is based on the Keynesian framework which envisages that output in the economy is demand determined and therefore the rog of output can be explained by analyzing the trends of the major aggregate demand components separately.

Keywords: sustainability; rate of growth; liberalisation; demand components; rate of growth of output; Keynesian framework; state investment; capital formation; private final consumption expenditure; gross domestic capital formation; goverment final consumption expenditure; net exports; PFCE; GDCF; GFCE; NE; Economics; Indian Economy (search for similar items in EconPapers)
Date: 2006-03
Note: Conference Papers
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