Shifting economic gears
Note: This article was originally published in Millennium Post on 8 January 2019. ERIA, in regards to its collaboration with the OECD Development Centre and UNESCAP in preparing the report of ‘OECD Economic Outlook for Southeast Asia, China and India 2019’, was featured in the article.
The Indian economy is forecast to grow by 7.3 per cent in the medium-term during 2019-23, says the OECD Economic Outlook for Southeast Asia, China and India 2019. Labour market conditions point to solid growth in private consumption, although rising inflation and interest rates can be drags. The push for consolidation will most likely limit the government's spending flexibility as well. How infrastructure projects are carried out will be the key. Maintaining banking sector health is another challenge. (Read the full article by using the link above).