India

Iulia Oehler-Şincai

Conjunctura economiei mondiale / World Economic Studies, 2014

Abstract: During 2003-2014, India recorded two successive phases of economic slowdown, in 2008 and 2011-2013. They were determined by external factors such as: diminishing demand on the main export markets and the high levels of oil prices, while among the major internal factors there were: high cost of doing business, infrastructure weaknesses, energy system bottlenecks, postponement in approval and implementation of investment projects, slow pace of reforms and also systemic corruption. In 2014 it was noticed a moderate acceleration of the economic activity in India, as the new prime minister had a clear mandate for economic reforms. According to the international experts, there are necessary: the fiscal reform, decreasing energy subsidies, increasing infrastructure investments, also in agriculture, taking into account that more than half of the arable land is not irrigated. At the same time, by implementing the announced inflation targeting framework, the monetary policy will become transparent and clear and therefore consumer confidence will increase. Moreover, the implementation of the new national manufacturing policy will make possible to reach the real growth potential, offering an impetus for the whole Indian economy.

Keywords: India; macroeconomic indicators; economic growth; inflation; unemployment; general government net lending/borrowing; gross debt; structural weaknesses (search for similar items in EconPapers)
JEL-codes: E21 E22 E23 E24 F21 F44 (search for similar items in EconPapers)
Date: 2014
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
Journal Article: India (2017)
Journal Article: India (2016)
Journal Article: India (2015)
Journal Article: India (2013)
Journal Article: India (2012)
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:iem:conjun:y:2014:id:2822000009580023

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.
Bibliographic data for series maintained by Ionela Baltatescu ( this e-mail address is bad, please contact ).