OECD Economics Department Working Papers

ISSN :
1815-1973 (en ligne)
DOI :
10.1787/18151973
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Working papers from the Economics Department of the OECD that cover the full range of the Department’s work including the economic situation, policy analysis and projections; fiscal policy, public expenditure and taxation; and structural issues including ageing, growth and productivity, migration, environment, human capital, housing, trade and investment, labour markets, regulatory reform, competition, health, and other issues.
 

Can India Achieve Double-digit growth ? You or your institution have access to this content

Auteur(s):
Richard Herd, Paul Conway, Sam Hill1, Vincent Koen, Thomas Chalaux1
Author Affiliations
  • 1: OCDE, France

Date de publication
21 jui 2011
Bibliographic information
N°:
883
Pages
41
DOI
10.1787/5kg84x28tn9x-en

Cacher / Voir l'abstract

In recent years, India has enjoyed one of the highest growth rates worldwide, weathering the global financial crisis better than many other countries. Prudent macroeconomic policies will be critical to prolonging the current expansion, given the risks associated with high inflation and volatile capital flows. A steadfast commitment to fiscal consolidation is needed to continue to reduce the large deficit that emerged in the aftermath of the slowdown and avoid crowding out private investment. Stepping up structural reforms will also be necessary if double-digit growth rates are to be achievable over the coming decade or so. Indeed, the operating environment for private business remains challenging. While infrastructure is improving in key sectors, partly thanks to greater private investment, bottlenecks endure and efforts to intensify competition and ensure continued strong investment are required. Labour market reforms are also required to promote job creation. Rapid economic development has boosted living standards and reduced poverty but poverty remains high. There is a need to strengthen social welfare systems and access to health and education to ensure widespread benefits from continued high growth. This Working Paper relates to the 2011 OECD Economic Survey of India (www.oecd.org/eco/surveys/india)
Mots-clés:
poverty, infrastructure, growth, competition, demographics, India, product market regulation, investment, saving, health, labour market, inflation, macroeconomic policies, education
Classification JEL:
  • E02: Macroeconomics and Monetary Economics / General / Institutions and the Macroeconomy
  • E21: Macroeconomics and Monetary Economics / Macroeconomics: Consumption, Saving, Production, Employment, and Investment / Consumption; Saving; Wealth
  • E22: Macroeconomics and Monetary Economics / Macroeconomics: Consumption, Saving, Production, Employment, and Investment / Capital; Investment; Capacity
  • E23: Macroeconomics and Monetary Economics / Macroeconomics: Consumption, Saving, Production, Employment, and Investment / Production
  • E27: Macroeconomics and Monetary Economics / Macroeconomics: Consumption, Saving, Production, Employment, and Investment / Forecasting and Simulation: Models and Applications
  • E66: Macroeconomics and Monetary Economics / Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook / General Outlook and Conditions
  • I31: Health, Education, and Welfare / Welfare and Poverty / General Welfare
  • J24: Labor and Demographic Economics / Demand and Supply of Labor / Human Capital; Skills; Occupational Choice; Labor Productivity
  • J68: Labor and Demographic Economics / Mobility, Unemployment, and Vacancies / Public Policy
  • L50: Industrial Organization / Regulation and Industrial Policy / General
  • L93: Industrial Organization / Industry Studies: Transportation and Utilities / Air Transportation
  • L96: Industrial Organization / Industry Studies: Transportation and Utilities / Telecommunications
  • L98: Industrial Organization / Industry Studies: Transportation and Utilities / Government Policy
  • N15: Economic History / Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations / Asia including Middle East
  • N75: Economic History / Transport, Trade, Energy, Technology, and Other Services / Asia including Middle East
  • O11: Economic Development, Technological Change, and Growth / Economic Development / Macroeconomic Analyses of Economic Development
  • O43: Economic Development, Technological Change, and Growth / Economic Growth and Aggregate Productivity / Institutions and Growth
  • O47: Economic Development, Technological Change, and Growth / Economic Growth and Aggregate Productivity / Measurement of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
  • O53: Economic Development, Technological Change, and Growth / Economywide Country Studies / Asia including Middle East