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Impact of global growth fluctuations on India: an empirical study

Jayaraman, T. K. and Choong, Chee-Keong (2011): Impact of global growth fluctuations on India: an empirical study.

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Abstract

The article examines how growth fluctuations in major trading partner countries of the world have affected the Indian economy since its liberalization from the mid 1990s. This empirical study confirms that domestic output of India was strongly influenced by global shocks. The findings are not surprising as India’s trade and financial integration with the rest of the world has been on the rise.

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