000			01291pab a2200193 454500
008			180718b2007 xxu||||| |||| 00| 0 eng d
100			_aRanjan, Rajiv,
245			_aIndia's potential economic growth: measurement issues and policy implications
260			_c2007
300			_ap.1563-572.
362			_a28 Apr
520			_aThis paper provides estimates of the potential growth rate for India by adopting alternative approaches of statistical trend filtering techniques and a production function. The Hodrick-Prescott filtering technique leads to estimated potential GDP growth of about 7 per cent. The warranted growth rate hovers around 8 per cent for the more recent period. The multivariate production function framework yields a potential growth of 6.6 per cent, which could be an underestimate given the data limitations. From the policy perspective, changes in policy instruments are linked to measures of output and the inflation gap within the framework of a policy reaction function. Empirical results showed that policy actions have significant association with output gap and inflation gap. - Reproduced.
650			_aEconomic growth
700			_aDhal, Sarat C.
700			_aJain, Rajeev
773			_aEconomic and Political Weekly
908			_aN
909			_a73755
999			_c73755 _d73755