India's Growth Story: A Model of `Riskless Capitalism'?

Rohit Azad and Prasenjit Bose

No 1712, Working Papers from New School for Social Research, Department of Economics

Abstract: This paper seeks to theoretically analyse the change in growth patterns in post-reform India. While 1991 marks a break in the Indian economy in terms of its opening up, it was not the 1990s which saw spectacular rates of growth such as those seen in the 2000s. Our attempt here is to situate two significant booms that the post-reform period has witnessed so far, 2003-04 to 2007-08 and 2009-10 to 2010-11, in a macrotheoretic model.

Keywords: Indian Corporate Sector; Bad Loans; Public Sector Banks (search for similar items in EconPapers)
JEL-codes: E12 E22 E32 E44 E52 (search for similar items in EconPapers)
Pages: 31 pages
Date: 2017-03
New Economics Papers: this item is included in nep-mac and nep-pke
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