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The Indian economy in the post-pandemic world: Opportunities and challenges

Author

Listed:
  • S. Mahendra Dev

    (ICFAI, Hyderabad)

  • Rajeswari Sengupta

    (Indira Gandhi Institute of Development Research)

Abstract

In this descriptive study we first analyse what the medium term future looks like for the Indian economy in a post-pandemic world, both in the context of an uncertain global environment and also in context of India's own structural problems. We also highlight the structural challenges and opportunities for the Indian economy-what are the obstacles in India's growth trajectory going forward, and what can be done to overcome them as India manoeuvres through a complex global environment where geopolitics dominate trade, climate change concerns become critical and authoritarian regimes may increasingly lose favour with foreign investors and corporations. The objective is to provide a broad assessment of the factors that need to be critically addressed in order for India to not only achieve and sustain a high rate of growth but also to make the leap to a high income country and create adequate jobs.

Suggested Citation

  • S. Mahendra Dev & Rajeswari Sengupta, 2023. "The Indian economy in the post-pandemic world: Opportunities and challenges," Indira Gandhi Institute of Development Research, Mumbai Working Papers 2023-06, Indira Gandhi Institute of Development Research, Mumbai, India.
    • Handle: RePEc:ind:igiwpp:2023-06
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    File URL: http://www.igidr.ac.in/pdf/publication/WP-2023-006.pdf
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    References listed on IDEAS

    as
    1. Rajeswari Sengupta & Lei Lei Son & Harsh Vardhan, 2022. "A Study of the Non-Banking Finance Companies in India," Indira Gandhi Institute of Development Research, Mumbai Working Papers 2022-009, Indira Gandhi Institute of Development Research, Mumbai, India.
    2. S. Mahendra Dev & Rajeswari Sengupta, 2022. "Covid-19 pandemic: Impact, recovery, and the road ahead for the Indian Economy," Indira Gandhi Institute of Development Research, Mumbai Working Papers 2022-016, Indira Gandhi Institute of Development Research, Mumbai, India.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Pandemic; K-shaped recovery; Job creation; Structural challenges; Global uncertainty; Economic reforms;
    All these keywords.

    JEL classification:

    • E2 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment
    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit
    • E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook
    • G2 - Financial Economics - - Financial Institutions and Services

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