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The Demise of Bank Credit
02 January, 2018, C.P. Chandrasekhar & Jayati Ghosh
Growing economies generally show increasing deployment of bank credit – but in India this has been decreasing for years and recently has been almost flat. What does this suggest about the growth process and the health of the Indian economy?
Assessing the World Export Boom
06 November, 2007, C.P. Chandrasekhar & Jayati Ghosh
In recent times, the world economy is supposed to have been booming more than ever before, and especially in relation to the past three decades. This boom cannot be because of GDP growth, because aggregate world GDP continues to grow at the same rate of between 2.5 per cent and 3.5 per cent that has been evident since the 1990s. Indeed, since this is calculated in US dollar terms, and the dollar has recently been depreciating somewhat, it is likely that world GDP is not growing faster than the historical trend even in the most recent period.
India Shines through Verdict 2004
15 May, 2004, C. Rammanohar Reddy
Verdict 2004 is surely as momentous as the defeat of Indira Gandhi and the Emergency in 1977. There have been more decisive outcomes, in terms of yielding a clear majority in Parliament, like Indira Gandhi's triumph in 1971 and Rajiv Gandhi's landslide victory in 1984, but no election other than 1977 has arguably articulated the voice of the Indian people as clearly as 2004. The message is unequivocal: India firmly rejects the economic, social and political agenda of the Bharatiya Janata Party-led National Democratic Alliance Government.

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