 IndiaConjunctura economiei mondiale / World Economic Studies, 2013 Abstract: India entered in 2011-2012 the second phase of economic slowdown in more than a decade. Decreasing industrial activity and falling investment added to the drop of consumption and exports. Although inflation rate and the fiscal deficit recorded a diminishing trend, the current account deficit as a share of GDP reached a record level in 2012. The Indian authorities did not have at their disposal a broad room for maneuver to stimulate economic growth, but the slow pace of the much-needed reforms was also linked to other factors such as the high level of corruption and the internal “political paralysis†. International experts consider that boosting investment is the key driver of economic recovery, but this is only possible together with the removal of barriers such as high cost of credit and often confusing and complex legislation. Keywords: India; macroeconomic indicators; economic growth; inflation; unemployment; general government net lending/borrowing; gross debt; structural weaknesses; reform (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:iem:conjun:y:2013:id:2822000009562155 Access Statistics for this article Conjunctura economiei mondiale / World Economic Studies is currently edited by Simona Moagar Poladian, PhD More articles in Conjunctura economiei mondiale / World Economic Studies from Institute for World Economy, Romanian Academy Contact information at EDIRC. |
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