Article Information

Authors GEETHA. J.R.
Article Type Research Article
Language English
Journal North Asian International Research Journal of Social Science & Humanities
ISSN 2454-9827
Volume 5
Issue 1
Pages 106-112
Publication Year 2019
Publication Date January 01, 2019
DOI URL https://doiglobal.org/10.2019/NAIRJCSSH.012

Abstract

Over the past three decades, India’s economic trajectory has shifted from a state-directed import-substitution model to a dynamic, market-oriented, high-growth economy. Having secured its position among the world’s largest GDPs, India faces a complex "growth trilemma": balancing rapid aggregate output expansion with formal job creation, structural economic transition, and sustainable macro-fiscal management. This paper provides a rigorous analysis of contemporary Indian macroeconomics, evaluating four structural domains:

Keywords

Development Economics Macroeconomic Policy Indian Economy Structural Transformation

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DOI: 10.2019/NAIRJCSSH.012

References

1. Ahluwalia, M. S. (2002). Economic Reforms in India Since 1991: Has Gradualism Worked? Journal of Economic Perspectives, 16(3), 67–88.
2. Bhagwati, J., & Panagariya, A. (2013). Why Growth Matters: How Economic Growth in India Reduced Poverty and the Lessons for Other Developing Countries. PublicAffairs.
3. Ministry of Finance, Government of India. (2024–2026). Economic Survey & Union Budget Documents. New Delhi: Public Information Bureau.
4. Panagariya, A. (2008). India: The Emerging Giant. Oxford University Press.
5. Rajan, R. (2019). The Third Pillar: How Markets and the State Leave the Community Behind. Penguin Press.

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Recommended Citation

GEETHA. J.R. (2019). THE TRILEMMA OF MODERN GROWTH: EVALUATING INDIA’S PATH TO SUSTAINABLE MACROECONOMIC DEVELOPMENT. North Asian International Research Journal of Social Science & Humanities. DOI: https://doiglobal.org/10.2019/NAIRJCSSH.012

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