{
  "title": "Accelerating And Sustaining Growth: Economic and Political Lessons",
  "publication": "IMF Working Papers, July 1, 2012",
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  "summary": "The paper reviews and draws lessons from the experience of fast growing economies including a sub-set of these termed High Growth Economies (HGEs) with a decadal rate of over 7 per cent.",
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    {
      "heading": "Overview",
      "content": "- The paper reviews and draws lessons from the experience of fast growing economies, including a sub-set termed High Growth Economies (HGEs) with a decadal rate of over 7 per cent.\n- It reviews the history of the Indian growth acceleration following the reforms of the 1990s and assesses future prospects given the recent slowdown.\n- The paper analyzes potential dangers and reasons for India’s growth slowdown and proposes policy reforms for sustaining fast growth."
    },
    {
      "heading": "High Growth Economies (HGEs)",
      "content": "- Definition and focus:\n  - HGEs are identified as economies with a decadal rate of over 7 per cent.\n- Purpose of the review:\n  - To draw lessons from the experience of fast growing economies that can inform policy design and sequencing."
    },
    {
      "heading": "India: Growth Acceleration after 1990s Reforms",
      "content": "- Historical review:\n  - The paper reviews the trajectory of India’s growth acceleration following the reforms of the 1990s.\n- Assessment of prospects:\n  - The paper examines India’s future prospects in the context of a recent slowdown."
    },
    {
      "heading": "Dangers and Reasons for India’s Growth Slowdown",
      "content": "- Analytical focus:\n  - The paper analyzes the potential dangers and underlying reasons for the observed slowdown in India’s growth.\n- Areas of concern (as characterized in the paper):\n  - Political economy and policy sequencing implications for sustaining growth.\n  - Risks associated with balance of payments, exchange rate, and international trade dynamics.\n  - Issues linked to public goods provision, land market constraints, and natural resource management."
    },
    {
      "heading": "Policy Reforms to Sustain Fast Growth",
      "content": "- Core objective:\n  - Proposes policy reforms aimed at sustaining fast growth in India, drawing on lessons from HGEs.\n- Policy directions emphasized in the paper:\n  - Structural reforms to enhance productivity and production.\n  - Reforms to the political system and timing and phasing of reforms to manage political economy constraints.\n  - Reforms affecting foreign direct investment, capital goods imports, and government debt management.\n  - Measures addressing land market reforms, public goods delivery, and natural resource management.\n\nArvind Virmani, \"Accelerating And Sustaining Growth: Economic and Political Lessons\", IMF Working Papers 2012, 185 (2012), July 1, 2012.\n\n---\n\n Content in this bundle\n\n- wp12185\n  - wp12185 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - wp12185 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/wp/issues/2016/12/31/accelerating-and-sustaining-growth-economic-and-political-lessons-26084"
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    "Authors: Arvind Virmani",
    "Published: July 1, 2012",
    "Series: IMF Working Papers",
    "DOI: https://doi.org/10.5089/9781475505337.001",
    "The paper reviews and draws lessons from the experience of fast growing economies, including a sub-set termed High Growth Economies (HGEs) with a decadal rate of over 7 per cent.",
    "It reviews the history of the Indian growth acceleration following the reforms of the 1990s and assesses future prospects given the recent slowdown.",
    "The paper analyzes potential dangers and reasons for India’s growth slowdown and proposes policy reforms for sustaining fast growth.",
    "Definition and focus:",
    "Purpose of the review:",
    "Historical review:",
    "Assessment of prospects:",
    "Analytical focus:",
    "Areas of concern (as characterized in the paper):",
    "Core objective:",
    "Policy directions emphasized in the paper:",
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