Can India Achieve Double-digit growth ?:
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 capi...
Gespeichert in:
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| Weitere Verfasser: | , , , |
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Paris
OECD Publishing
2011
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| Schriftenreihe: | OECD Economics Department Working Papers
no.883 |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | 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) |
| Beschreibung: | 1 Online-Ressource (40 p.) 21 x 29.7cm. |
| DOI: | 10.1787/5kg84x28tn9x-en |
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| 520 | |a 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) | ||
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| spelling | Herd, Richard VerfasserIn aut Can India Achieve Double-digit growth ? Richard, Herd ... [et al] = L'Inde peut-elle réaliser un taux de croissance à deux chiffres ? / Richard, Herd ... [et al] L'Inde peut-elle réaliser un taux de croissance à deux chiffres ? Paris OECD Publishing 2011 1 Online-Ressource (40 p.) 21 x 29.7cm. Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier OECD Economics Department Working Papers no.883 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) Economics India Conway, Paul MitwirkendeR ctb Hill, Sam MitwirkendeR ctb Koen, Vincent MitwirkendeR ctb Chalaux, Thomas MitwirkendeR ctb FWS01 ZDB-13-SOC FWS_PDA_SOC https://doi.org/10.1787/5kg84x28tn9x-en Volltext |
| spellingShingle | Herd, Richard Can India Achieve Double-digit growth ? Economics India |
| title | Can India Achieve Double-digit growth ? |
| title_alt | L'Inde peut-elle réaliser un taux de croissance à deux chiffres ? |
| title_auth | Can India Achieve Double-digit growth ? |
| title_exact_search | Can India Achieve Double-digit growth ? |
| title_full | Can India Achieve Double-digit growth ? Richard, Herd ... [et al] = L'Inde peut-elle réaliser un taux de croissance à deux chiffres ? / Richard, Herd ... [et al] |
| title_fullStr | Can India Achieve Double-digit growth ? Richard, Herd ... [et al] = L'Inde peut-elle réaliser un taux de croissance à deux chiffres ? / Richard, Herd ... [et al] |
| title_full_unstemmed | Can India Achieve Double-digit growth ? Richard, Herd ... [et al] = L'Inde peut-elle réaliser un taux de croissance à deux chiffres ? / Richard, Herd ... [et al] |
| title_short | Can India Achieve Double-digit growth ? |
| title_sort | can india achieve double digit growth |
| topic | Economics India |
| topic_facet | Economics India |
| url | https://doi.org/10.1787/5kg84x28tn9x-en |
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