India’s Growth Slowdown
End of an Era
Bibliographic Data
| ID | 12712047 |
|---|---|
| Authors | Barry Bosworth (Brookings Institution, corresponding author), Susan M Collins (0000-0003-3225-5473, University of Michigan) |
| Year | 2015 |
| Volume | 14 |
| Issue | 1 |
| Pages | 8-25 |
| Publication date | 2015-03-03 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | India Review (JOURNAL) |
| Journal identifiers | ISSN: 1473-6489 • E-ISSN: 1557-3036 |
| Publisher | Routledge (PUBLISHER • GB) |
| DOI | 10.1080/14736489.2015.1001268 |
| OpenAlex | W1976731787 |
| Language | EN |
| Citations received | 2 |
| References cited | 1 |
This article examines the sources of rapid economic growth in India in the 2000s and explanations for the growth slowdown in more recent years. We use the Indian national accounts and the National Sample Survey (NSS) to perform a growth accounting analysis. We disaggregate the total economy into agriculture, industry and services and separately identify the contributions of labor, capital and improvements in productivity. Services account for the largest share of the acceleration in 2000-10. Industry, on the other hand, is the sector most reflective of the recent slowdown. The high growth of the 2000s can be traced to strong capital accumulation, improvements in labor skills and large productivity gains. A slowing in the pace of economic reform and a general deterioration in fiscal and monetary policies appear to be the major factors responsible for the slower pace of growth since 2010
Agriculture · Capital (architecture · Capital deepening · Capital formation · Development economics · Economic growth · Economic policy · Economic slowdown · Economics · Financial capital · Geography · Growth accounting · Human capital · International economics · Macroeconomics · Pace · Productivity · Slow growth · Slowdown · Total factor productivity · Economic Growth and Productivity · Economic Theory and Policy · Global Financial Crisis and Policies
| Unique citing works | 2 |
|---|---|
| Citations per year | 0.4 |
| Citation span | 2021 - 2022 (2) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 2 |