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Accelerating And Sustaining Growth: Economic and Political Lessons
Author:
Mr. Arvind Virmani
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Series:
IMF Working Papers
Volume/Issue:
Volume 2012: Issue 185
Language:
English
Publication Date:
01 Jul 2012
DOI:
https://doi.org/10.5089/9781475505337.001
ISBN:
9781475505337
ISSN:
1018-5941
Pages:
46
Keywords:
WP; financial crisis; economic growth; low income; capital goods; exchange rate; natural resource; High Growth Economies; India; Policy Reforms; Timing and Phasing.; political system; public goods; land market; pHGE country; Income; Natural resources; Foreign direct investment; Imports; Productivity; Global; South Asia; Asia and Pacific
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IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
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The paper reviews and draws lessons from the experience of fast growing economies including a sub-set of these termed High Growth Economies (HGEs) with a decadal rate of over 7 per cent. It then reviews the history of the Indian growth acceleration following the reforms of the 1990s and its future prospects given the recent slowdown. It analysis the potential dangers and reasons for India’s growth slowdown and proposes policy reforms for sustaining fast growth.
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Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund
Volume 2012: Issue 185