Open Access 2013 | OriginalPaper | Chapter
Microfinance in India: Lessons from the Andhra Crisis
Authors : Vijay Mahajan, T. Navin
Published in: Microfinance 3.0
Publisher: Springer Berlin Heidelberg
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.