European Parliament Library

Wild or Tamed? :, India’s Potential Growth, Hiroko Oura

Abstract
With India's GDP expanding at a rate above 8 percent in recent years, the debate about whether India is overheating revolves mainly about whether growth is above potential-that is, whether the economy is exceeding its "speed limit." This paper attempts to shed light on this debate by providing up-to-date projections of India's potential growth, including by clarifying differences in underlying assumptions used by various researchers that lead to a range of estimates. Estimates of potential growth on this basis range from 7.4 percent to 8.1 percent for 2006/07, and about 8 percent for the medium term. The medium-term potential estimates have risks on both sides: productivity gains and investment could be volatile, but determined reforms could sustain strong productivity growth
Table Of Contents
Contents; I. Introduction; II. Sources of Growth and Their Future Prospects; A. Framework; B. Factor Share; Tables; 1. Potential Growth Accounting; C. Total Factor Productivity; Figures; 1. TFP Growth in Asia, By Post-Growth Takeoff Decade; 2. Determinants of Productivity Growth; D. Physical Capital Accumulation; 2. Selected Asian Countries: Incremental Capital Ouput Ratio; E. Labor; 3. Selected Asian Economies: Gross Investment Ratio; F. Human Capital Accumulation; III. Simulation Results; 4. Potental Growth (WEO); 5. Potental Growth (Bosworth and Collins); 6. Potental Growth (Poddar and Yi)
Language
eng
Literary Form
non fiction
Note
Description based upon print version of record
Physical Description
1 online resource (18 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9781462376001

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