With Indian economy growing leaps and bounds, the question is is it sustainable? IMF and Brookings Institution organised a forum over this topic on March 8, 2007.
It was moderated by Lael Brainard (Vice President and Director of the Global Economy Development Program at Brookings) and economists present were:
- Charles Kramer is Chief of the IMF’s division that covers India,
- Shantayanan Devarajan is Chief Economist, World Bank’s Human Development Network and
- Nirvikar Singh is Professor of Economics, University of California, Santa Cruz
The transcript of the forum is here.
The discussion is a pretty useful one and they discuss this report prepared by IMF Staff, alongwith the inputs of the economists.
Most of the points have been known for quite sometime. Like for instance the issues (power, water, labour reforms, etc.) and the possible solutions (importance of institutions etc) .
However, it is nicely done and we have a nice summary of thing so far. The IMF report should be interesting. Let me read it and get back.