No major Indian downturn during the global recession – increasing GDP growth expected all the same
Postat den 13th november, 2009, 11:26 av hubert
In March this year, we published our ninth survey on China. This time we ask economists from research, industry and the financial sector in different countries – India included – about their view on short-term and long-term Indian issues.
Summary
- The average forecast for India’s GDP changes by the panelists (in %) looks as follows:
| 2009: | 6.0 |
| 2010: | 7.2 |
| 2011: | 8.0 |
- Some areas that have been graded
(10=best grading; 1=lowest grading; numbers for China from March 2009 in brackets):
| Trust in Indian statistics | 6.9 | (4.7) |
| Trust in the accounting system | 6.2 | (4.1) |
| Trust in the institutional framework | 5.7 | (4.8) |
| Transparency in economic policy | 5.9 | (4.6) |
| Effectiveness of economic policy | 5.3 | (5.9) |
Of course, one should be somewhat careful when comparing qualitative valuations for China and India since the two survey panels consist of different people. However, some of India’s competitive advantages are reflected in the answers. But we should not forget that China has a number of other areas with competitive advantages such as literacy, infrastructure and a manufacturing sector with higher international competitiveness.
Det här inlägget postades den november 13th, 2009, 11:26 och fylls under Uncategorized