Indiens wirtschaftlicher Abschwung infographic
Grafik zeigt die Änderung des Wirtschaftwachstums seit der globalen Finanzkrise.
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WIRTSCHAFT

Indiens wirtschaftlicher Abschwung

By Duncan Mil

January 16, 2020 - Premierminister Narendra Modis Versprechen aus Indien bis 2024 eine $5 Billionen Volkswirtschaft zu machen – UK und Deutschland überholend – würde ein Wachstum des Bruttonationalprodukts (BNP) voraussetzen, das in den nächsten vier Jahren pro Jahr um mehr als 11 Prozent wächst. Das wäre mehr als das Doppelte der fünf Prozent, die Indiens Statistisches Büro (CSO) für das Fiskaljahr 1919-2020 schätzt.

The CSO estimate puts the country’s growth at its slowest pace since the global financial crisis of 2008-09. Former Reserve Bank of India governor Raghuram Rajan has called for significant reforms to boost India’s economy.

“We have a lot of young people entering the labour force. We need to provide jobs for them, and even if much of the growth is job-oriented, five percent doesn’t cut it,” Rajan said during an interview with CNBC on January 13.

In May last year, Rathin Roy, then a member of Modi’s Economic Advisory Council, warned that India’s growth is faltering at lower-middle-income levels -- defined by the World Bank as per capita income between $1,026 and $3,995. “No country which has been in a middle-income trap has been able to come out of it,” Roy warned.

India’s per capita income is about $2,000 a year -- trailing Indonesia, where per capita income is at $3,900, and dwarfed by China’s $9,800, South Korea’s $31,000 and the U.S.’s $62,600.

PUBLISHED: 16/01/2020; STORY: Graphic News; PICTURES: Getty Images
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