Searching for growth

Integration with global economy must increase

India’s Chief Economic Advisor V Anantha Nageswaran recently argued that reforms in India had set the stage for growth between 6.5 and 7 per cent in the coming years. This dovetails with some recent official claims that India will achieve the $5-trillion economy mark in a similar time frame. In some sense, these expectations are not out of line with the past. Indeed, 6 per cent or so remains the baseline expectation of growth from India, given its fundamentals. This over time will ensure in nominal terms that it will breach the $5-trillion threshold limit. Yet there are nevertheless basic