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Indias Recent Economic Growth Patterns y 5 India’s recent growth patterns Introduction ? In the last decade (2001-2011), average annual GDP growth was 7.4%. ? In 2009, despite the world economic crisis, India was among the 6 South East Asian countries to achieve respectable positive economic growth rates (8.2%). ? In 2011, real GDP growth amounted to 6.8%. Experts predict a slowdown of growth.However, current projections expect a recovery by 2013 with GDP growth amounting to 6%. Sources: World Bank Data, IMF World Economic Outlook 2012 7 India’s recent growth patterns: The macroeconomic framework Introduction Source: IMF World Economic Outlook, 2012 India’s recent growth patterns: Consumption and Investments ? Consumption has been robust but investments have weakened Source: IMF India’s recent growth patterns: Export Development Introduction ? Sophistication of exports, particularly in the service sector has risen steadily Source: IMF India’s recent growth patterns: Social Indicators Introduction Source: IMF Indicators for Poverty and Inequality: Change in Poverty Rates and GDP Per Capita (10 year basis): ? Important achievements have been made with respect to poverty reduction. Nevertheless, poverty reduction has been somewhat slow compared to other countries. 营养 不良 文盲 率 婴儿 死亡 低收 入率 基尼 系数 贫 困 指 数 Source: IMF World Economic Outlook, 2012 India’s recent growth patterns: Ecological Indicators Introduction India’s Progress Regarding Environmental Millennium Goals: ? Despite some progress in the realm of environmental protection, environmental degradation remains a major issue. Why is Indias Economic Growth Not Sustainable? Why is Indias economic growth NOT sustainable? Sustainability Poor state of infrastructures ? Poor state of India’s infrastructures hindering investments - the road network, the ports,
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