Why India Can Grow At 7 Percent a Year or More : Projections and Reflections

Using a simple growth accounting framework, we project India's future potential output growth rate through 2025. We argue that there is perhaps more upside potential than downside risks to our central estimate of annual growth, which is close to 7 percent for aggregate output, or 5.5 percent for output per capita.
Publication date: July 2004
ISBN: 9781451854114
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Development - Economic Development , Development - Economic Development , Service , Service , Growth , institutions , growth rate , human capital , economic growth , tfp , total factor productivity , Macroeconomic Analyses of Economic Development , Economywide Country Studies: Asia including Middle East

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