Abstract
The Indian economy was able to witness high levels of economic growth following the economic reforms that were introduced in the 1990s. The GDP grew at the rate of 8.45 % per annum between the years 2004 till 2011. Despite this, India continued to see high degree of poverty and low human development.
This is an updated version of an earlier article by the authors, titled Microfinance in India – 2012 – Growth, Crisis and Future, which was published by the French Association d’Economie Financière in the Revue de Economie Financiere, No 102, Sep 2012.
Founder and CEO of the BASIX Social Enterprise Group; President of the Microfinance Institutions Network of India; Chair of the Ex-Com of CGAP.
Faculty member of The Livelihood School, Hyderabad, a BASIX Group entity. His fields of interest include the political economy of livelihoods and social performance of microfinance institutions.
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Mahajan, V., Navin, T. (2013). Microfinance in India: Lessons from the Andhra Crisis. In: Köhn, D. (eds) Microfinance 3.0. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-41704-7_1
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DOI: https://doi.org/10.1007/978-3-642-41704-7_1
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