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India

Author

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  • Iulia Monica Oehler-Sincai

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.

Suggested Citation

  • Iulia Monica Oehler-Sincai, 2013. "India," Conjunctura economiei mondiale / World Economic Studies, Institute for World Economy, Romanian Academy.
    • Handle: RePEc:iem:conjun:y:2013:id:2822000009562155
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    Keywords

    India; macroeconomic indicators; economic growth; inflation; unemployment; general government net lending/borrowing; gross debt; structural weaknesses; reform;
    All these keywords.

    JEL classification:

    • E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth
    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
    • E23 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Production
    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • F44 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - International Business Cycles

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