Dasgupta, Zico
(2020)
Economic slowdown and financial fragility : the structural malaise of India’s growth process.
Economic and Political Weekly, 55 (13).
pp. 46-53.
ISSN 2349-8846
Abstract
The Indian economy is presently gripped by the dual
phenomenon of an unprecedented slowdown as well
as financial fragility. What has triggered this? Is this
simply a random exogenous shock to an otherwise
well-functioning economy? Or, is there anything
structural about the present slowdown? What are the
binding constraints for recovery? These questions are
addressed in the context of India’s overall growth
trajectory and policy regime in the last two decades.
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