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India - From emerging to surging

10/09/2001Source: McKinsey Quarterly.  

Click here for the latest news, views and interviews in the clean energy investor communityIndia's economy could be the fastest growing in the world and the country's citizens twice as well off if its policy makers embraced a deeper, faster process of economic reform, says this article from McKinsey Quarterly

India's gross domestic product is growing by an impressive six per cent a year. But research by the McKinsey Global Institute has uncovered three barriers preventing the country's GDP from growing even faster: myriad regulations governing products and markets, distortions in the market for land, and widespread government ownership of business. Thirteen policy measures could remove these barriers, allowing the economy to grow by ten per cent a year. Although higher productivity would mean fewer jobs in some enterprises, many more jobs would be created in the economy as a whole. Net employment would increase.  

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Taken from The McKinsey Quarterly, 2001 Number 4 Emerging markets

The McKinsey Quarterly, a journal in print and online from McKinsey & Company, featuring the latest thinking on business strategy, finance and management.


Copyright © 1992-2001 McKinsey & Company, Inc.

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