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Service-Led Growth and the Balance of Payments Constraint in India

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Listed:
  • Suranjana Nabar-Bhaduri
  • Matías Vernengo

Abstract

The authors argue that the current servicedominated growth of India may well be a dead end. India must orient a new industrial policy toward manufacturing, infrastructure, and research.

Suggested Citation

  • Suranjana Nabar-Bhaduri & Matías Vernengo, 2012. "Service-Led Growth and the Balance of Payments Constraint in India," Challenge, Taylor & Francis Journals, vol. 55(5), pages 79-93.
    • Handle: RePEc:mes:challe:v:55:y:2012:i:5:p:79-93
    DOI: 10.2753/0577-5132550504
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    References listed on IDEAS

    as
    1. Anthony P. Thirlwall, 2011. "The Balance of Payments Constraint as an Explanation of International Growth Rate Differences," PSL Quarterly Review, Economia civile, vol. 64(259), pages 429-438.
    2. Mazumdar, Surajit, 2008. "Investment and growth in India under liberalization: Asymmetries and Instabilities," MPRA Paper 19629, University Library of Munich, Germany.
    3. Suranjana Nabar-Bhaduri, 2011. "What Lies Beneath," International Journal of Political Economy, Taylor & Francis Journals, vol. 40(1), pages 69-85.
    4. World Bank, 2011. "World Development Indicators 2011," World Bank Publications - Books, The World Bank Group, number 2315.
    5. Khundrakpam, J. K. & Ranjan, Rajiv, 2008. "Can an Inter-temporal Model Explain India's Current Account Balance?," MPRA Paper 50928, University Library of Munich, Germany.
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    Cited by:

    1. Gozgor, Giray, 2018. "Does the structure of employment affect the external imbalances? Theory and evidence," Structural Change and Economic Dynamics, Elsevier, vol. 45(C), pages 77-83.

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