On Economic Growth and Domestic Saving in India

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Title On Economic Growth and Domestic Saving in India
Author Singh, Tarlok
Journal Name World Economics
Year Published 2011
Place of publication United Kingdom
Publisher Economic and Financial Publishing
Abstract This study examines the economic growth and domestic saving in India. The onset of gradual economic reforms since the 1980s provided some fillip to growth, and the momentum was carried forward through the adoption of a wide-ranging structural adjustment program since the beginning 1990s. The sustainability of an accelerated growth trajectory hinges heavily on the acceleration of saving and investment and the improvements in productivity. While foreign direct investment, liberalization of trade and the globalisation of goods and financial markets have well-documented gains, the accrual of these gains is contingent on the acceleration of productivity to a threshold level where the firms can effectively compete for market share in both domestic and international markets. Gobalization is unlikely to take developing economies out of low level equilibrium traps of underdevelopment, if it is not accompanied by the institutional reforms, development of adequate infrastructure, unleashing of productivities, development of efficient financial sector, and the improvements in the competitiveness of import-competing industries in the domestic and export-oriented industries in the international markets.
Peer Reviewed Yes
Published Yes
Publisher URI http://www.world-economics-journal.com/Contents/ArticleOverview.aspx?ID=453
Copyright Statement Copyright 2011 Economic and Financial Publishing. The attached file is reproduced here in accordance with the copyright policy of the publisher. Please refer to the journal's website for access to the definitive, published version.
Volume 12
Issue Number 1
Page from 27
Page to 46
ISSN 1468-1838
Date Accessioned 2012-04-04
Language en_US
Research Centre Griffith Asia Institute
Faculty Griffith Business School
Subject Applied Economics
URI http://hdl.handle.net/10072/44776
Publication Type Journal Articles (Refereed Article)
Publication Type Code c1

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