Why India Can Grow At 7 Percent a Year or More: Projections and Reflections

Dani Rodrik and Arvind Subramanian

No 2004/118, IMF Working Papers from International Monetary Fund

Abstract: Using a simple growth accounting framework, we project India's future potential output growth rate through 2025. We argue that there is perhaps more upside potential than downside risks to our central estimate of annual growth, which is close to 7 percent for aggregate output, or 5.5 percent for output per capita.

Keywords: WP; India; dependency ratio; Growth; institutions; portraying India; government debt-to-GDP ratio; per capita income; economic growth performance; level of TFP; India's underrated strength; Total factor productivity; Human capital; Productivity; Public expenditure review; East Asia; Middle East (search for similar items in EconPapers)
Pages: 17
Date: 2004-07-01
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Citations: View citations in EconPapers (39)

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