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Paperback • 2007
Pages: 242
ISBN: 9788171886586
For Sale in South Asia Only

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Publisher:
Academic Foundation

OECD Economic Surveys: India

Organisation For Economic Co-Operation and Development

Organisation For Economic Co-operation And Development

About the Book

<p>OECD's first economic survey of the Indian economy. It opens with a broad overview of economic developments over the past twenty years, showing how India has grown to become the third largest economy in the world. It then examines a series of specific policy areas including the unbalanced growth across states, competition policy and reforming India's product and service markets, improving the performance of labour markets, improving the financial system, improving the fiscal system, improving infrastructure, and upgrading the educational system. For each policy area, a series of recommendations is made.</p> <p>&nbsp;</p> <p>About OECD&nbsp;</p> <p>(Organisation For Economic Co-Operation and Development):&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;<br /> The OECD is a unique forum where the governments of 30 democracies work together to address the economic, social and environmental challenges of globalisation. The OECD is also at the forefront of efforts to understand and to help governments respond to new developments and concerns, such as corporate governance, the information economy and the challenges of an ageing population. The Organisation provides a setting where governments can compare policy experiences, seek answers to common problems, identify good practice and work to co-ordinate domestic and international policies.<br /> The OECD member countries are: Australia, Austria, Belgium, Canada, the Czech Republic, Denmark, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Japan, Korea, Luxembourg, Mexico, the Netherlands, New Zealand, Norway, Poland, Portugal, the Slovak Republic, Spain, Sweden, Switzerland, Turkey, the United Kingdom and the United States. The Commission of the European Communities takes part in the work of the OECD.<br /> OECD Publishing disseminates widely the results of the Organisation’s statistics gathering and research on economic, social and environmental issues, as well as the conventions, guidelines and standards agreed by its members.</p>
Contents in Detail

Executive summary


Assessment and recommendations


Chapter 1. India’s key challenges to sustaining
                 high growth 

                 Economic reforms have transformed
                 the Indian economy


                 The economy has responded positively
                 to the reforms


                 Looking into the future


                 Easing regulation in goods and
                 service markets


                Removing barriers to employment
                in the formal sector


                Improving the efficiency of the
                financial system


               Orienting public finances to achieve
               more rapid growth


               Improving infrastructure


               Improving education


               Conclusions


               Notes

 
              Bibliography

 


Chapter 2. India’s growth pattern and obstacles to higher
                 growth

                 Productivity gains from shifting labour out of
                 agriculture have been modest


                 Manufacturing’s contribution to growth could
                 be much greater


                 Evidence suggests that weaknesses in framework
                 conditions are at fault


                 Notes


                 Bibliography

 


Chapter 3. Reforming India’s product and service markets

                 Despite extensive liberalisation in some areas
                 regulations are on average rather restrictive


                 Policies to improve product market regulations


                 Notes


                 Bibliography


                 Annex 3.A1. OECD PMR indicators by state

 


Chapter 4. Improving the performance of the labour
                 market

                 Employment has expanded in the economy
                 as a whole, but not in the organised sector


                 State-level labour reforms


                 What can feasibly be done to improve
                 India’s labour markets?


                 Notes


                 Bibliography


                 Annex 4.A1. State labour reform questionnaire
                 summary responses

 

 

Chapter 5. Reforming the financial system

                 The banking system


                 Other financial markets


                 Foreign ownership


                 Financial inclusion


                 Conclusions


                 Notes


                 Bibliography

 

 

Chapter 6. Improving the fiscal system

                 Improving the quality of government
                 spending


                 India’s tax system has been fundamentally
                 reformed


                 Improving fiscal federalism to limit borrowing
                 and increase responsiveness to local needs


                 Notes


                 Bibliography

 


Chapter 7. Removing infrastructure bottlenecks

                 Infrastructure is a major constraint
                 on growth


                 The private sector has a crucial role to
                 play in narrowing infrastructure gaps


                 Private sector involvement is transforming
                 certain sectors


                 A more limited start has been made in
                 other sectors


                 In other sectors, the framework is not
                 conducive to competition


                 Notes

                 Bibliography

 

 

Chapter 8. Improving human capital formation

                Human capital needs to be improved


                Deeper institutional changes are the best hope


               Conclusion


              Notes


              Bibliography


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