Resource detail

India’s achievements in growth and development in the last 23 years of the reform period are well known. The country is now a nearly two trillion dollar economy, the third largest economy in the world after USA and China in terms of purchasing power parity. The trend rate was nearly 9 percent per annum during the period 2005-06 to 2008-09. In the post-global financial crisis India showed higher growth in 2009-10 and 2010-11 due to fiscal stimulus and easy monetary policy. However the growth declined to less than 5 percent in 2012-13 and 2013-14. Growth in the manufacturing sector declined from 7.4 percent in 2011-12. It seems to be picking up (first quarter of 2014-15 showing 5.7 percent GDP growth) and the growth rate during 2014-15 expected to be between 5.5 percent to 6 percent. India aspiring to be a global power should improve harmonious and inclusive development. The country has done well in many macroeconomic indicators in the post-reform period. Accelerating growth is the immediate challenge for the new government as it is expected to deliver on the economic front as well as on the social front. India, aspiring to be a global power, must promote harmonious and inclusive socio-economic development. Employment Generation and skill development are essential for inclusive development.
India Development report (IDR) series provides an independent assessment of the Indian economy including current problems, issues and policies. This eighth series, examines:

• Macroeconomic developments and economic growth, inflation, and external shocks;
• Investment and growth nexus;
• Dynamics of a firm's competitive behavior;
• Small enterprises and the corporate debt market;
• Oil and gas price reforms and agriculture, changing face of rural areas, food inflation, and food security;
• Health and health care, and health insurance; and
• Corporate social responsibility, climate change, urban sustainability, transport, and sustainable development.

The Report includes a statistical appendix, which is a treasure trove of various economic and social indicators and helps provide an independent assessment of the Indian economy.