The economic slowdown has been marked, driven by sluggish investment and manufacturing
Inflation has long been high and inflation expectations remain unabated
Saving has declined and shifted to less productive assets
External vulnerability remains a medium-term concern
Past hikes in minimum support prices and rural wages sustain private consumption
Government debt and deficit remain high
Real interest rates have long remained low or negative but loans have not rebounded
Price increases vary significantly across sectors
The RBI has relied on various instruments to adjust liquidity conditions
Energy subsidies are large while public spending on health is low
The high corporate income tax rate fails to produce large revenue
Jobs were created mostly in construction in rural areas and in services
The demographic challenge
Employment protection legislation is highly restrictive, 2013
The literacy rate is low
Female labour force participation rate
Female labour market indicators in India
Social institutions and gender index (SIGI)
India's infrastructure quality is poor
The performance of banks has deteriorated and compares poorly with other EMEs
The equity market is well developed while the private bond market is below par
Product market regulation is restrictive
There is scope to improve the insolvency legislation and debt-recovery rates