01121pab a2200169 454500 180718b2004 xxu||||| |||| 00| 0 eng d Acharya, Shankar India's growth prospects revisited 2004 p.4537-542. 9 Oct During the past year a number of studies have made very optimistic projections about India's medium- and long-term growth prospects. The forecasts of a 7 per cent plus growth rate in these studies have been based on the demographic outlook for India, projected trends in productivity, strength of the country's institutions and an optimism about reforms. However, a critical examination of these factors suggests that India will grow closer to 5.5-6 per cent a year rather than by 7 per cent. It is still worth emphasising that a 5.5-6 per cent average growth is creditable for a large and diverse society and it implies a reasonably healthy per capita income growth of 4 per cent a year. - Reproduced. Economic growth - India Economic growth Economic and Political Weekly 62871 62871 62871 0 0 0 0 IIPA IIPA 2018-07-19 Volume no: 39, Issue no: 41 AR63321 2018-07-19 2018-07-19 AR