Unleashing India’s Growth Potential

Shinya Kotera and TengTeng Xu

No 2023/082, IMF Working Papers from International Monetary Fund

Abstract: This paper analyzes the drivers of India’s growth in the past five decades and considers baseline and upside scenarios of India’s medium-term potential growth. Using a production function approach, the paper assesses the impact of the pandemic on the key factors of production and therefore its impact on medium-term growth. Successful implementation of wide-ranging structural reforms could help support productivity and potential growth over the medium term.

Keywords: India; Potential Growth; Labor Markets; Capital; Productivity; Pandemic; Production Function Approach; Structural Reforms.; upside scenario; TengTeng xu; impact of the pandemic; growth rate; Total factor productivity; COVID-19; Human capital; Global (search for similar items in EconPapers)
Pages: 26
Date: 2023-04-21
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