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

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