Shumita Sharma Deveshwar

Director, India Research
+91 98718 22780

Nicolo Bandera

Economist, South East Asia Research
+44 20 7246 7889

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India: On the way to a slow and protracted economic recovery

Overview

The government and the Reserve Bank of India both released 7 per cent-plus headline GDP numbers this month, but the underlying message of statements by both institutions suggests that growth is really far slower. This, indeed, is the ground reality for India. While the economy is in “early stages of a recovery” – in the central bank’s words – areas of concern range from agriculture to several services, while low capacity utilization continues in manufacturing. So the economic growth...

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