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The challenges of India‘s economic policy

Author

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  • Vincent CAUPIN
  • Stéphanie PAMIES-SUMNER

Abstract

Over the 1990s and 2000s, India experienced a remarkable acceleration in its rate of economic growth comparable in the mid-2000s to that of its neighbour China. This economic “take-off”, which was partly driven by private investment, was anchored in the country’s strong positioning on different business sectors (chemicals/pharmaceuticals, jewellery, oil refining, IT services, business services, etc.). Coupled with the launching of major social programmes, these high-growth years helped to reduce extreme poverty and foster the emergence of a middle class.

Suggested Citation

  • Vincent CAUPIN & Stéphanie PAMIES-SUMNER, 2017. "The challenges of India‘s economic policy," Working Paper bda91b64-2f19-4f87-bd32-1, Agence française de développement.
    • Handle: RePEc:avg:wpaper:en606
    as

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    References listed on IDEAS

    as
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    JEL classification:

    • E - Macroeconomics and Monetary Economics

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