Thirteen senior economists, including former Reserve Bank of India Governor Raghuram Rajan, IMF Chief Economist Gita Gopinath and Sajjid Chinoy of JP Morgan, have jointly outlined an economic strategy for India as the country heads closer to a key general election in 2019.
Here is the full unedited text of the report: An Economic Strategy for India
The Imperative for Strong, Equitable, and Sustainable Growth
India is one of the fastest growing large countries in the world, having grown at an average of almost 7 percent for the last 25 years. There have been many notable reforms over this period – most recently, the co-operative fiscal federalism that has brought the Goods and Services Tax into being, the enactment of the Indian Bankruptcy Code, and the dramatic dis-inflation of recent years, partly as a result of a move to an inflation targeting regime.