Abstract

This paper attempts an eclectic synthesis on long-term growth of Indian economy. Paper establishes a model from different theories of growth within a unified framework. Artificial Neural Network (ANN) has been used to analyze determinants of growth in Indian economy from 1971 to 2008. ANN reveals four discrete phases and trends in the Economy i.e. 1971-90, 1991-97, 1998-03, 2004-08. ANN established that the growth is strongly linked with export and foreign investments in the phase 2004-2008. Contrary to many of previous studies and researches, we find export led growth trends for Indian economy. With these economic trends, growth potential and opportunities for Indian have been discussed.

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