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The Indian Economy: Current Performance and Short-Term Prospects

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  • Raghbendra Jha

Abstract

This paper provides an update on the recent performance of the Indian economy. It reviews India's growth performance, and the supporting performance of savings and investment, productivity and international trade. It highlights the performance of a dynamic sector (automobiles) and a laggard sector (agriculture) and comments on the structure of income growth in recent times. It also points out emerging constraints on rapid economic growth, e.g., increasing regional and personal inequality, rising unemployment, infrastructural constraints and the fiscal deficit. It assesses the prospects for economic growth in the near term.

Suggested Citation

  • Raghbendra Jha, 2007. "The Indian Economy: Current Performance and Short-Term Prospects," ASARC Working Papers 2007-04, The Australian National University, Australia South Asia Research Centre.
    • Handle: RePEc:pas:asarcc:2007-04
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    File URL: https://crawford.anu.edu.au/acde/asarc/pdf/papers/2007/WP2007_04.pdf
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    References listed on IDEAS

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    1. World Bank, 2000. "India : Country Framework Report for Private Participation in Infrastructure," World Bank Publications - Reports 15275, The World Bank Group.
    2. Dani Rodrik & Arvind Subramanian, 2005. "From "Hindu Growth" to Productivity Surge: The Mystery of the Indian Growth Transition," IMF Staff Papers, Palgrave Macmillan, vol. 52(2), pages 193-228, September.
    3. Dani Rodrik, 1998. "Why Do More Open Economies Have Bigger Governments?," Journal of Political Economy, University of Chicago Press, vol. 106(5), pages 997-1032, October.
    4. Sharma, Anurag & Jha, Raghbendra, 2012. "Fiscal deficits, banking crises and policy reversal in a semi-open economy," Economic Modelling, Elsevier, vol. 29(2), pages 271-282.
    5. Raghbendra Jha & Raghav Gaiha & Anurag Sharma, 2006. "Mean Consumption, Poverty and Inequality in Rural India in the Sixtieth Round of the National Sample Survey," ASARC Working Papers 2006-11, The Australian National University, Australia South Asia Research Centre.
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    Keywords

    Economic Growth; India; Leading Sectors;
    All these keywords.

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