MUMBAI, India, Feb. 24 -- Reserve Bank of India issued the following speech:
It is my pleasure and honour to deliver the 14th Foundation Day Lecture of the Centre for Development Studies (CDS). Established in October 1970 by Professor K. N. Raj, CDS has been a premier academic institute in India for social science and development research. CDS's footprints in economic research have been evident through its pioneering work on human development, labour, industry, international trade, migration, decentralisation and local governance, among others.
The topic that I have chosen for my talk today is on some of the salient features of India's economic growth in recent years and how they may be contextualised over the past four decades.
I focus ...