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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