Economic slowdown and revival

What can policymakers do to revive the pace of economic activity and generate more jobs

Over the past year, the evidence has mounted of a significant slowdown in the growth of national economic output, investment and employment and raised the issue of what can policymakers — notably the government and the Reserve Bank of India (RBI) — do to revive the pace of economic activity and generate more jobs.

Slowdown: First, the official data on economic growth shows that there has been a steady and sizeable decline in the growth rate of gross valued added (GVA) by quarter (annualised) from 8.7 per cent in Q4 2015-16 to 5.6 per cent in Q4 2016-17, the