Abrandamento económico na Índia infographic
A infografia mostra as variações no crescimento económico da Índia desde a crise financeira global.


Abrandamento económico na Índia

By Duncan Mil

January 16, 2020 - A promessa do Primeiro ministro Narendra Modi de transformar a Índia
numa economia de $5 biliões até 2024 – eclipsando o RU e a Alemanha – exigiria que o PIB crescesse mais de 11 por cento nos próximos quatro anos -- nais do dobro do que é estimado pelo Gabinete Central de Estatísticas da Índia para 2019-20.

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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