Faculty News

Prof. Michael Spence is interviewed on India's economic growth

Excerpt from Business Standard -- "The main recent constraints on growth I think are policies that caused a temporary loss of investor confidence, now being reversed, public sector investment levels, and inflexibility in labor markets that get in the way of structural change in the economy and especially in the expansion of the tradable side of the economy. The Indian economy with some important growth drivers in the tradable sector is still not exploiting it to the full. This by the way, is not unique to India."

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