As India steps in the fourth decade of globalization, we can look at the fruits of globalization more objectively. The relationship of globalization with growth is much more complex with economies opting for protectionism. The aim of the paper is to identify the pace of globalization in the Indian economy by capturing the portion of economic growth explained by foreign factors. The factor-induced domestic and foreign factor loadings are used in the time-varying estimations to suggest the evidence of slowbalization in India. The models supplemented with stochastic volatility help in examining the structural changes in the economy.

中文翻译：

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印度全球化效应的动态

随着印度步入全球化的第四个十年，我们可以更客观地看待全球化的成果。随着经济体选择保护主义，全球化与增长的关系要复杂得多。本文的目的是通过捕捉外国因素解释的经济增长部分来确定印度经济的全球化步伐。因素引起的国内和国外因素载荷用于时变估计，以表明印度缓慢化的证据。辅以随机波动率的模型有助于检查经济的结构变化。