Economics India

Thursday, December 29, 2005

Will Indian Economy Soon Grow At 10%?

Yes, India’s Prime Minister, Dr. Manmohan Singh, hopes so! The Indian economy is currently growing at 7-8% p.a. but there are formidable constraints to sustain even this rate. If the economy must grow at 10%, India will have to work on improving its savings (and investment) rate; increase agricultural productivity and output; and upgrade infrastructure. We will address these questions as we go along and explore if and where the prevailing economic environment hurts and must improve. If you have any thoughts, please do post.

4 Comments:

  • Chandrashekhar: Thanks. You are right ...Dr. Manmohan Singh recognizes that efficiency and equity must be the foundations of growth in India. I hope to talk more about this in future in detail. Please feel free to comment and contribute.

    By Blogger Ramesh Deshpande, at 5:37 PM  

  • Fruits of economic growth are in few hands only. The gap between poor and rich has widen. Moreover commies are a big hurdle for any step taken by govt. Unless UPA govt. throws away commies there is no future in global village for India

    By Anonymous Anonymous, at 10:48 PM  

  • Response to Comment No. 3: The anonymous commentor is indeed on the dot. We need to explore where commis are looking for inspiration with both Russia and China having shelved their socialist philosophies and aggressively gone for market-driven development. Of course, no country should abandon a social safety net for the BPLs

    By Blogger Ramesh Deshpande, at 10:55 PM  

  • I agree with the earlier commentators. The communists have started destroying the SubContinent from the Himalayas and are moving south. Nepal is already in ruins and no one knows how to solve the problems of Bihar and West Bengal and so on. The events in these regions are a tax on the rest of South Asia. And these very people are ruling Delhi.

    By Anonymous Anonymous, at 2:12 PM  

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