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

Rodrik, Dani; Subramanian, Arvind

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

IMF Working Paper No. 04/118

17 Pages Posted: 15 Feb 2006

See all articles by Dani Rodrik

Dani Rodrik

Harvard University - Harvard Kennedy School (HKS); Centre for Economic Policy Research (CEPR); National Bureau of Economic Research (NBER)

Arvind Subramanian

International Monetary Fund (IMF); Center for Global Development

Date Written: July 2004

Abstract

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.

Keywords: Growth, institutions

JEL Classification: O11, O47, O53

Suggested Citation: Suggested Citation

Rodrik, Dani and Subramanian, Arvind, Why India Can Grow at 7 Percent a Year or More: Projections and Reflections (July 2004). IMF Working Paper No. 04/118, Available at SSRN: https://ssrn.com/abstract=878942