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Where is India’s Growth Headed?

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  • Ila Patnaik

Abstract

In this paper, we analyze the sources of output growth in the past three decades and discuss the outlook going forward. Projections are made for the growth of factors of production and the growth of trend GDP per worker for the period 2013-2030. In general, the outlook for factors appears strong. As long as policy reforms support the broad environment for investment in infrastructure and in education and eliminate frictions in the efficient use of labor and capital, all of which can also boost productivity, it does not appear that trend growth is likely to decline in the future.

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  • Ila Patnaik, 2016. "Where is India’s Growth Headed?," Working Papers id:8436, eSocialSciences.
    • Handle: RePEc:ess:wpaper:id:8436
    Note: Institutional Papers
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    References listed on IDEAS

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