The Indian Economy in the Post-pandemic World: Opportunities and Challenges

S. Mahendra Dev () and Rajeswari Sengupta
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S. Mahendra Dev: ICFAI

Chapter Chapter 2 in India’s Contemporary Macroeconomic Themes, 2023, pp 9-51 from Springer

Abstract: Abstract In this descriptive study, we first analyze what the medium term future looks like for the Indian economy in a post-pandemic world, both in the context of an uncertain global environment and also in the context of India's own structural problems. We also highlight the structural challenges and opportunities for the Indian economy—what are the obstacles in India’s growth trajectory going forward, and what can be done to overcome them as India maneuvers through a complex global environment where geopolitics dominate trade, climate change concerns become critical and authoritarian regimes may increasingly lose favor with foreign investors and corporations. The objective is to provide a broad assessment of the factors that need to be critically addressed in order for India to not only achieve and sustain a high rate of growth but also to make the leap to a high income country and create adequate jobs.

Keywords: Pandemic; K-shaped recovery; Job creation; Structural challenges; Global uncertainty; Economic reforms; E2; E5; E6; G2 (search for similar items in EconPapers)
Date: 2023
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DOI: 10.1007/978-981-99-5728-6_2

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