Indias Economy Hits the Wall Just six months ago, India was looking good. Annual growth was 9%,

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India’s Economy Hits the Wall Just six months ago, India was looking good.

Annual growth was 9%, consumer demand was huge, and foreign investment was growing. But now most economic forecasts expect growth to slow to 7%—a big drop for a country that needs to accelerate growth. India needs urgently to upgrade its infrastructure and education and health-care facilities. Agriculture is unproductive and needs better technology. The legal system needs to be strengthened with more judges and courtrooms.

Source: BusinessWeek, July 1, 2008 Explain five potential sources for faster economic growth in India suggested in this news clip.

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Economics

ISBN: 125380

10th Edition

Authors: Michael Parkin ,Robin Bade

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