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Asian Development Outlook 2012: Confronting Rising Inequality in Asia: India

Asian Development Outlook 2012: Confronting Rising Inequality in Asia: India GDP growth slowed markedly in FY2011 as industrial and investment activity slumped and the current account deficit widened. A combination of tight monetary policy to counter persistently high inflation, strained global economic conditions, larger subsidies that pushed up the budget deficit, and lack of political consensus on resolving the policy impediments to growth were factors in the downdraft. Boosting investment and growth to match the strong performance of recent years will hinge on reaching agreement on measures to deal with long-standing and challenging policy issues. The outlook is for a moderate pickup. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Foreign Trade Review SAGE

Asian Development Outlook 2012: Confronting Rising Inequality in Asia: India

Foreign Trade Review , Volume 47 (1): 8 – Apr 1, 2012

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References (107)

Publisher
SAGE
Copyright
© 2012 SAGE Publications
ISSN
0015-7325
eISSN
0971-7625
DOI
10.1177/0015732515120105
Publisher site
See Article on Publisher Site

Abstract

GDP growth slowed markedly in FY2011 as industrial and investment activity slumped and the current account deficit widened. A combination of tight monetary policy to counter persistently high inflation, strained global economic conditions, larger subsidies that pushed up the budget deficit, and lack of political consensus on resolving the policy impediments to growth were factors in the downdraft. Boosting investment and growth to match the strong performance of recent years will hinge on reaching agreement on measures to deal with long-standing and challenging policy issues. The outlook is for a moderate pickup.

Journal

Foreign Trade ReviewSAGE

Published: Apr 1, 2012

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