IMF Working Papers

Unleashing India’s Growth Potential

ByShinya Kotera, TengTeng Xu

April 21, 2023

Preview Citation

Format: Chicago

Shinya Kotera, and TengTeng Xu. Unleashing India’s Growth Potential, (USA: International Monetary Fund, 2023) accessed 12/6/2025

Disclaimer: IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.

Summary

This paper analyzes the drivers of India’s growth in the past five decades and considers baseline and upside scenarios of India’s medium-term potential growth. Using a production function approach, the paper assesses the impact of the pandemic on the key factors of production and therefore its impact on medium-term growth. Successful implementation of wide-ranging structural reforms could help support productivity and potential growth over the medium term.

Keywords: Capital, India, Labor Markets, Pandemic, Potential Growth, Production Function Approach, Productivity, Structural Reforms.

  • Pages:

    26

  • Volume:

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  • DOI:

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  • Issue:

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  • Series:

    Working Paper No. 2023/082

  • Stock No:

    WPIEA2023082

  • ISBN:

    9798400240898

  • ISSN:

    1018-5941