Cover; Contents; Preface; India's Long-Term Growth Experience: Lessons and Prospects; Fiscal Policy for Growth in India; India's State Finances; From Inhibiting to Enabling: India's Changing Approach to The Role of Private Sector; India's Financial Sector: Recent Reforms and the Challenges Ahead; Meeting India's Infrastructure Demands -- The Role of Reforms and Investment; Revitalizing the Agricultural Sector in India: Opportunities and Challenges; Labor Markets in India: Developments and Challenges; About the Editor and Contributors; Index.
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Rapid growth since 1980 has transformed India the 50th ranked economy in nominal US dollars to the 12th largest in the world in 2003. When income is measured with regard to purchasing power parity, the Indian economy occupies fourth place, after the United States, Japan, and China. Along with growing incomes, Indias increasingly outward orientation and the growing optimism about its economy has led to a surge in international investors interest. At the same time evidence suggests that income inequality is rising and the gap in average per capita income between the rich and poor states.
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