India’s Rising Growth Potential – Goldman Sachs

India’s Rising Growth Potential
  • India’s high growth rate since 2003 represents a structural increase rather than simply a cyclical upturn. We project India’s potential or sustainable growth rate at about 8% until 2020.
  • The recent growth spurt was achieved primarily through a surge in productivity, which we believe can be sustained.
  • India is well-positioned to reap the benefits of favorable demographics, including an ‘urbanization bonus’, and a further rise in capital accumulation, in part from an upsurge in foreign direct investment.
  • The risks to growth are: political risk, including a rise in protectionism; supply-side constraints, including business climate, education, and labor market reforms; and environmental degradation.
  • Our assessment suggests that India’s influence on the world economy will be bigger and quicker than implied in our previously published BRICs research.
  • Click here to download the report.

Source: Global Economics Paper No: 152 published by Economic Research from the GS Institutional Portal

More about BRICs by Goldman Sachs:

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