The State of the Indian Economy 2009-10

Mathew Joseph (), Karan Singh (), Pankaj Vashisht and Dony Alex
Additional contact information
Mathew Joseph: Indian Council for Research on International Economic Rela
Karan Singh: Indian Council for Research on International Economic Rela
Pankaj Vashisht: Indian Council for Research on International Economic Rela
Dony Alex: Indian Council for Research on International Economic Rela

Indian Council for Research on International Economic Relations, New Delhi Working Papers from Indian Council for Research on International Economic Relations, New Delhi, India

Abstract: Despite signs of recovery from the global financial crisis, the GDP growth rate for theIndian economy is likely to be between 5.8 to 6.1 per cent in 2009-10, below the 6.7per cent recorded in fiscal 2008-09. While there has been an improvement in Indianindustry, particularly the manufacturing sector, the adverse impact of the fall in kharifproduction due to a rainfall deficiency will act as a drag on the overall growth of theeconomy. In the current financial year, the major policy challenges for thegovernment will come from the rather sharp rise in inflation and deteriorating publicfinances. The balance of payments situation may also require policy attention despitea narrowing of the current account deficit and a considerable capital account surplusbecause of the appreciation of the rupee.

Keywords: Forecasting Indian Economic Growth; Economic Outlook and Conditions; Financial Crisis; Fiscal Sustainability (search for similar items in EconPapers)
JEL-codes: E17 E66 G01 (search for similar items in EconPapers)
Pages: 36 Pages
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.icrier.org/publication/Workingpaper241.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ind:icrier:241

Access Statistics for this paper

More papers in Indian Council for Research on International Economic Relations, New Delhi Working Papers from Indian Council for Research on International Economic Relations, New Delhi, India Contact information at EDIRC.
Bibliographic data for series maintained by G.K. Manjunath/A. Reddy ().