Shumita Sharma Deveshwar

Director of India Research
+44 203 006 3102

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Recent India research

* India: On the road - Modi likely to win tough poll, Amitabh Dubey, Shumita Sharma Deveshwar, 11 Dec 2017
* India In charts: No easy fix for the economy as polls approach, Shumita Sharma Deveshwar, 30 Nov 2017
* India: New Congress takes the fight to the BJP, Amitabh Dubey, Shumita Sharma Deveshwar, 27 Nov 2017
* India: State banks still stand on shaky ground, Shumita Sharma Deveshwar, 9 Nov 2017
* India: On the road in Uttar Pradesh: GST woes hurt Modi’s popularity in busy poll season, Shumita Sharma Deveshwar, Amitabh Dubey, 26 Oct 2017

See all our India research >>

Where are India’s growth drivers?

Overview

The idea that the Indian economy’s base growth rate is at least 8 per cent has been discredited as the evidence mounts that a credit bubble – not deep structural changes – powered the last four years of exceptional GDP growth. Nonetheless, several sectors are still expected to turn in a relatively strong performance thanks to domestic demand, the primary driver of economic activity.

Even as the economy slows, shortages of goods and services in a range of sectors are evidence of...

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