Over the past 25 years, India's economy grew at an average real rate of close to 6 percent, with growth rates in recent years accelerating to 9 percent. Yet by 2005-06, the general government debt-to-GDP ratio was 34 percentage points higher than in the 1980s. The authors examine the links between public finances and growth in the post-1991 period. They argue that the main factor in the deterioration of government debt dynamics after the mid-1990s...
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ПОДРОБНАЯ ИНФОРМАЦИЯ
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2007/06/01
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Рабочий документ в рамках исследования вопросов политики
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WPS4241
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1
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1
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2010/07/01
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Disclosed
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India rising - faster growth, lower indebtedness
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financial repression