연구정보
[경제] India’s New Growth Recipe: Globally Competitive Large Firms
인도 국외연구자료 연구보고서 - CSEP 발간일 : 2022-12-31 등록일 : 2023-01-19 원문링크
There is near unanimity that India’s GDP growth had been slowing down, even before the pandemic struck. Per capita growth averaged 5.3% per annum during 2012-20, but slid to 3.8% between 2018 and 2020. Opinion is, however, divided on whether this is a structural or a cyclical decline, and whether it has been caused by domestic or external drivers. As we come out of the two ‘lost years’ caused by COVID-19 (FY21 and FY22), accelerating growth assumes pivotal importance since it helps improve people’s lives by creating gainful employment, alleviating poverty, and so on. Clarity is needed, therefore, on what drives India’s economic growth. We analyse its growth performance over a period of 26 years (1994-2020) to answer these questions.
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