On the Sustainability of India’s Growth Rate

  • Pradyumna Dash
Keywords: Indian economy, sustainable growth

Abstract

The performance of GDP and its sustainability in India largely depends on sustained growth of agricultural production. But agricultural production in India is subject to high volatility due to excessive dependence on monsoon and has also been witnessing a declining trend on account of non-availability of adequate institutional credit, and a decline in public sector capital formation in agriculture. Hence, the answer to ensuring sustainable growth rate of GDP lies to a large extent in ensuring faster and sustained growth in agriculture. For that, there is a need to increase the availability of bank loans to the small and marginal farmers at reasonable cost, increase public investment in infrastructure like irrigation, power, transport, and agricultural research so that the expected growth rate of 8-9 percent may become possible and also sustainable.
Published
31-12-2006
How to Cite
Dash, P. (2006). On the Sustainability of India’s Growth Rate. Journal of Global Economy, 2(4), 311-313. Retrieved from http://www.rcssindia.org/jge/index.php/jge/article/view/201
Section
Commentary