The Indian Economy: Current Performance and Short-Term Prospects

Raghbendra Jha

ASARC Working Papers from The Australian National University, Australia South Asia Research Centre

Abstract: This paper provides an update on the recent performance of the Indian economy. It reviews India's growth performance, and the supporting performance of savings and investment, productivity and international trade. It highlights the performance of a dynamic sector (automobiles) and a laggard sector (agriculture) and comments on the structure of income growth in recent times. It also points out emerging constraints on rapid economic growth, e.g., increasing regional and personal inequality, rising unemployment, infrastructural constraints and the fiscal deficit. It assesses the prospects for economic growth in the near term.

Keywords: Economic Growth; India; Leading Sectors (search for similar items in EconPapers)
Pages: 25
Date: 2007
New Economics Papers: this item is included in nep-cwa and nep-mac
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