If the Indian economy has an Achilles’ heel, it is the country’s manufacturing sector. Despite rapid economic growth since pro-market reforms began in 1991, the share of manufacturing in India’s gross domestic product has remained stubbornly low, at about 15 per cent. (In China, it has been about 30 per cent in recent years.) Indian growth has been driven by services, most famously in information technology.
According to Census 2011, India’s urban population was 37.7 crores, projected to grow to about 60 crores by 2030. The National Commission on Population (NCP) in India predicts that in the next 14 years (i.e., by 2036), about 38.6 per cent of Indians (600 million) will live in urban areas. The United Nations, too, highlights that India’s urban population size will nearly double between 2018 and 2050, from 461 to 877 million. Under this backdrop, the IMPRI Centre for Habitat, Urban and Regional Studies (CHURS), Impact and Policy Research Institute, New Delhi, hosted a Distinguished Lecture on State of India’s Urbanization as a part of the #WebPolicyTalk, The State of Cities – #CityConversations on June 22, 2022.
TK Arun The World Bank has forecast slower world growth, for the current year and the next, at 2.9%…
Arun KumarThe Provisional Estimates of Annual National Income in 2021-22 just released show that GDP grew 8.7%…
T K Arun The Monetary Policy Committee of the Reserve Bank of India held an emergent meeting…
The COVID-19 pandemic has inflicted heavy economic costs across the world with countries reeling under recession. Certain structural reforms such as the national monetization pipeline, national infrastructure pipeline, production linked incentive schemes, PM Garib Kalyan Package, Atmnirbhar Bharat among others have helped mitigate the effects. To evaluate the way forward for a long term economic expansion, we have gathered for a talk under the series The State of the Economy – #EconDialogue on the topic India: Growth Prospects after COVID. This deliberation is being organized by the IMPRI Center for the Study of Finance and Economics, IMPRI Impact and Policy Research Institute, New Delhi.