IMPRI

IMPRI

IMPRI, a startup research think tank, is a platform for pro-active, independent, non-partisan and policy-based research. It contributes to debates and deliberations for action-based solutions to a host of strategic issues. IMPRI is committed to democracy, mobilization and community building.
  • Joined: October 30, 2020
  • Articles: 2399

Strategies for India to maintain satisfactory economic expansion amidst a global slowdown

The World Bank has forecast slower world growth, for the current year and the next, at 2.9% and 3%, respectively. Emerging markets and developing economies, which normally gallop ahead of the rest of the world, are expected to grow at just 3.4% this year, with Covid- and zero-Covid-afflicted China growing at a rate slower than the US for the first time in 40 years or so. Does this cripple India's chance of growing at least 7%? It does not, and not because the World Bank pegs India's growth rate at 7.5%, higher than the Reserve Bank of India's own estimate of 7.2%.

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