To be more than a shooting star

The paper has four interlinked objectives. (1) To learn from the experience of fast-growing economies, how to sustain growth. (2) To show that the reforms of the 1990s are the cause of the higher growth of the Indian economy in the 2000s. This also helps understand the nature of successful reforms and the mechanism through which they operated and thus to identify potential growth-sustaining reforms. (3) To explain the paradox of higher growth potential co-existing with either unchanged or declining growth trend. (4) To identify and recommend reforms that will help sustain fast growth in India.

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