By:
Ashima Goyal
Date:
- Article Title: Measuring Indian Growth
- Title of Journal: Economic and Political Weekly
- Vol #: 50
- Issue #: 32
The article offers some explanations for the large changes in growth rates in the rebased gross domestic product series, but argues that these do not imply a recovery in the macroeconomic cycle. Changes in estimates of savings and investment also support these conclusions. In addition, firms were under pressure to save costs, and thereby growth of value added increased. This implies that industrial growth was constrained on the demand-side rather than the supply-side, while firms' balance sheets remained healthy.
Region
Language
Publication Type
Related Publications
Related Blog Posts
By
Edwin Bett, WIEGO
By
Jenna Harvey
By
Federico Parra, Renata Farías