Growth and Sustainability in Brazil, China, India, Indonesia and South Africa
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Growth and Sustainability in Brazil, China, India, Indonesia and South Africa

Growth and Sustainability in Brazil, China, India, Indonesia and South Africa is based on the proceedings of a conference, organised by the OECD, on the growth performance of these large emerging-market economies. The book brings together contributions from distinguished policy makers and scholars. It discusses the growth experiences of these countries, including how they have fared in the wake of the recent global financial crisis. It also examines these countries’ prospects for sustaining strong growth over the long term.

The chapters in this book offer new analyses of the growth process in individual countries. They explore, for example, the reduction of external vulnerability in Brazil, the contribution of human and physical capital accumulation in China and Indonesia, initiatives to promote infrastructure and social development in India, and financial deepening in South Africa. These chapters identify the specific drivers of growth in each country, and thus strengthen our understanding of the policy levers that can be used to sustain growth in the years to come. 

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Chapter
 

Shaping the Indian miracle

Acceleration towards high growth You do not have access to this content

English
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Author(s):
Arvind Virmani, Rajeev Malhotra

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This chapter discusses India’s long-term growth prospects. Following structural breaks in GDP growth in 1979-80 and 2003-04, the Indian economy has been on an accelerated growth path. The chapter examines the main drivers of strong growth, the components of aggregate demand, the sectoral composition of growth and its spatial distribution across the country’s different regions. The chapter then reviews India’s economic policy management in the wake of the global economic slowdown, which also impacted the Indian economy.
 
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