India Development Update, March 2018 : India's Growth Story
India has achieved much in the last 25 years. Since the early 1990s, when reforms began, growthrates have been higher and more stable, the economy has become more modern and globally integrated,macroeconomic stability has improved, and the average...
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World Bank, Washington, DC
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| Online Access: | http://documents.worldbank.org/curated/en/814101517840592525/India-development-update-Indias-growth-story http://hdl.handle.net/10986/29515 |
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okr-10986-295152021-09-11T05:10:49Z India Development Update, March 2018 : India's Growth Story World Bank ECONOMIC GROWTH PRODUCTIVITY GROWTH DRIVERS OF GROWTH ECONOMIC OUTLOOK MACROECONOMIC POLICY FINANCIAL CRISIS SPATIAL ANALYSIS MONETARY POLICY PUBLIC FINANCE DEBT BUSINESS ENVIRONMENT TAXATION EXPORT COMPETITIVENESS EXPORT SLOWDOWN India has achieved much in the last 25 years. Since the early 1990s, when reforms began, growthrates have been higher and more stable, the economy has become more modern and globally integrated,macroeconomic stability has improved, and the average citizen is better educated and lives longer. In addition, the business environment and governance standards have improved, there is political stability, and the geopolitical environment is relatively stable. Yet an economic deceleration in the last few quarters has generated worried commentaries about India's growth potential. The questions being raised are: Is the deceleration in economic growth structural or cyclical? Is the Indian growth story over? What is the "new normal" for India's growth potential? What sets of policies, structural or cyclical, might be needed to revive growth? In this report, we take a long-term perspective on India's growth outlook. Looking back at the last 50 years, we note that India's average growth has accelerated slowly but steadily across sectors--agriculture, industry and services ---and become more stable. This is reflected in increasing labor productivity and total factor productivity. 2018-03-26T21:41:11Z 2018-03-26T21:41:11Z 2018-03 Report http://documents.worldbank.org/curated/en/814101517840592525/India-development-update-Indias-growth-story http://hdl.handle.net/10986/29515 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work :: Economic Updates and Modeling Economic & Sector Work South Asia India |
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Digital Repository |
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Foreign Institution |
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Digital Repositories |
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World Bank Open Knowledge Repository |
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World Bank |
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English |
| topic |
ECONOMIC GROWTH PRODUCTIVITY GROWTH DRIVERS OF GROWTH ECONOMIC OUTLOOK MACROECONOMIC POLICY FINANCIAL CRISIS SPATIAL ANALYSIS MONETARY POLICY PUBLIC FINANCE DEBT BUSINESS ENVIRONMENT TAXATION EXPORT COMPETITIVENESS EXPORT SLOWDOWN |
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ECONOMIC GROWTH PRODUCTIVITY GROWTH DRIVERS OF GROWTH ECONOMIC OUTLOOK MACROECONOMIC POLICY FINANCIAL CRISIS SPATIAL ANALYSIS MONETARY POLICY PUBLIC FINANCE DEBT BUSINESS ENVIRONMENT TAXATION EXPORT COMPETITIVENESS EXPORT SLOWDOWN World Bank India Development Update, March 2018 : India's Growth Story |
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South Asia India |
| description |
India has achieved much in the last 25
years. Since the early 1990s, when reforms began,
growthrates have been higher and more stable, the economy
has become more modern and globally integrated,macroeconomic
stability has improved, and the average citizen is better
educated and lives longer. In addition, the business
environment and governance standards have improved, there is
political stability, and the geopolitical environment is
relatively stable. Yet an economic deceleration in the last
few quarters has generated worried commentaries about
India's growth potential. The questions being raised
are: Is the deceleration in economic growth structural or
cyclical? Is the Indian growth story over? What is the
"new normal" for India's growth potential?
What sets of policies, structural or cyclical, might be
needed to revive growth? In this report, we take a long-term
perspective on India's growth outlook. Looking back at
the last 50 years, we note that India's average growth
has accelerated slowly but steadily across
sectors--agriculture, industry and services ---and become
more stable. This is reflected in increasing labor
productivity and total factor productivity. |
| format |
Report |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
India Development Update, March 2018 : India's Growth Story |
| title_short |
India Development Update, March 2018 : India's Growth Story |
| title_full |
India Development Update, March 2018 : India's Growth Story |
| title_fullStr |
India Development Update, March 2018 : India's Growth Story |
| title_full_unstemmed |
India Development Update, March 2018 : India's Growth Story |
| title_sort |
india development update, march 2018 : india's growth story |
| publisher |
World Bank, Washington, DC |
| publishDate |
2018 |
| url |
http://documents.worldbank.org/curated/en/814101517840592525/India-development-update-Indias-growth-story http://hdl.handle.net/10986/29515 |
| _version_ |
1764469507835822080 |