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    India, 2018–2022—Accelerating Inclusive Economic Transformation

    Asian Development Bank | September 2017
    Abstract
    India grew at an average rate of more than 7% since FY2012, which placed it among the world’s fastest growing large economies, and resulted in India’s share in global GDP rising from 2.4% in 2013 to 3.0% in 2016. The rapid growth has been accompanied by numerous measures to remove the structural bottlenecks and improve the investment climate. The country has more than halved the poverty rate since FY2004 and has achieved most of the Millennium Development Goals. Accelerating such positive trends demands India to address the remaining impediments and emerging challenges, such as (i) building economic competitiveness to create more job opportunities while integrating the economy with global value chains; (ii) resolving infrastructure bottlenecks, particularly for emerging urban growth centers as an engine of economic growth and center of commercial activities; (iii) closing the widening gap between advanced and lagging regions where most of the poor are concentrated; (iv) addressing worsening environmental degradation, natural resource depletion, and adverse climate change impacts; and (v) building greater institutional capacities and a knowledge base to enhance efficiency and accountability of the economic system.
    Citation
    Asian Development Bank. 2017. India, 2018–2022—Accelerating Inclusive Economic Transformation. © Asian Development Bank. http://hdl.handle.net/11540/8841.
    Keywords
    Development Planning
    Development Research
    Technology Development
    Aid And Development
    Asian Development Bank
    Comprehensive Development Framework
    Development Cooperation
    Development Management
    Development Planning
    Development Strategies
    Development Research
    Green revolution
    Development strategy
    Development models
    Economic development
    New technology
    Rural planning
    Aid coordination
    Industrial projects
    Infrastructure projects
    Natural resources policy
    Educational development
    Absorptive capacity
    Tourism policy
    Development strategy
    Rural planning
    Regional development bank
    Project finance
    Strategic planning
    Infrastructure projects
    Government programs
    Public finance
    Public enterprises
    Development
    Economics
    Development In East Asia
    Development Planning
    Development Research
    Technology Development
    Aid And Development
    Asian Development Bank
    Comprehensive Development Framework
    Development Cooperation
    Development Management
    Development Planning
    Development Strategies
    Development strategy
    Development models
    Economic development
    New technology
    Rural planning
    Aid coordination
    Industrial projects
    Infrastructure projects
    Natural resources policy
    Educational development
    Absorptive capacity
    Economic development projects
    Economic forecasting
    Economic development projects
    Municipal government
    Technology transfer
    Exchanges of patents and technical information
    Technical education
    Technology
    Communication in rural development
    Communication in community development
    Economic development projects
    Development banks
    Economic forecasting
    Environmental auditing
    Cumulative effects assessment
    Human rights and globalization
    Transfer Technocracy
    Absorptive capacity
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    Citable URI
    http://hdl.handle.net/11540/8841
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    Author
    Asian Development Bank
    Theme
    Development
    Economics
     
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise