Is India’s Growth rate sustainable?

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.

2 Responses to “Is India’s Growth rate sustainable?”

  1. unicon india Says:

    Sustainability is the capacity to endure. In ecology the word describes how biological systems remain diverse and productive over time. For humans it is the potential for long-term maintenance of wellbeing, which in turn depends on the wellbeing of the natural world and the responsible use of natural resource

  2. select your broker Says:

    Sustainability has become a wide-ranging term that can be applied to almost every facet of life on Earth, from local to a global scale and over various time periods. Long-lived and healthy wetlands and forests are examples of sustainable biological systems. Invisible chemical cycles redistribute water, oxygen, nitrogen and carbon through the world’s living and non-living systems, and have sustained life for millions of years. As the earth’s human population has increased, natural ecosystems have declined and changes in the balance of natural cycles has had a negative impact on both humans and other living systems.

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