Shumita Sharma Deveshwar

Director of India Research
+44 203 006 3102

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Recent India research

* India: Stake sales to test Modi’s political will, Shumita Sharma Deveshwar, 10 Aug 2017
* India: Competition with China enters new phase, Amitabh Dubey, 3 Aug 2017
* India: Smooth GST rollout masks important risks, Shumita Sharma Deveshwar, 27 Jul 2017
* India: Politics hampers RBI’s battle for credibility, Shumita Sharma Deveshwar, 13 Jul 2017
* India: Food deflation changes electoral dynamics, Amitabh Dubey, 7 Jul 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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