Indian Economy Shrinking - How Fast Can India Bounce Back
                     Indian 
Economy 
Shrinking: 
How Fast 
Can India 
Bounce 
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Back?
Indian Economy 
Shrinking: How Fast 
Can India Bounce Back?
Despite a challenging external 
environment, India’s economy has 
demonstrated resilience rather than the 
Indian economy shrinking like few other 
global economies. According to the World 
Bank in its latest India Development 
Update, a World Bank flagship 
publication, it is expected that the 
economy is relatively well positioned to 
weather global spillovers compared to 
most other emerging markets. 
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Indian Economy 
Shrinking: How Fast 
Can India Bounce Back?
Although domestic growth 
momentum remains strong and 
consumption is at record levels, the 
performance of export markets has 
been lackluster due to the protracted 
trade disputes between the United 
States (US) and China. Is the Indian 
economy going down? 
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Indian Economy 
Shrinking: How Fast 
Can India Bounce Back?
Several reports and statements in 
books and magazines and other 
media state that while the 
deteriorating external environment 
will weigh on India’s growth 
prospects, the Indian economy 
appears relatively resilient to global 
headwinds compared with many 
other economies.
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Indian Economy 
Shrinking: How Fast 
Can India Bounce Back?
Is the Indian economy good or bad? 
The World Bank has raised its forecast 
for India's economic growth to 7 
percent for the 2022-23 financial year 
from the 6.5 percent it had predicted 
earlier. The bank said this was despite 
an uncertain external environment, a 
challenging one for India.
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Indian Economy 
Shrinking: How Fast 
Can India Bounce Back?
In its latest report on India's economy, the 
bank said that the country will rebound 
strongly after the second quarter of fiscal 
2023 (July-September) and should grow at 
a rate of 6.6 percent in 2023-24.
India’s growth outlook has been 
weakened by global–trade tensions and 
weak external demand. Experts feel the 
Indian economy's bounce back is 
expected to boost the overall global 
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economy.
How the Policy 
Reforms are Helping to 
Grow the Economy?
The government has initiated 
several important policy reforms 
over the past five years. These 
include measures such as 
improving the regulatory 
framework for business and 
making available credit to small 
borrowers through institutions 
such as banks, non-bank 
financial intermediaries, and 
wwwm.deicserrotcfiarnt.inance companies. 
How the Policy 
Reforms are Helping to 
Grow the Economy?
Additional key reforms included 
increased reliance on market 
borrowings, which improved 
transparency and credibility of 
fiscal policy while strengthening 
the investor base for government 
securities; the introduction of an 
inflation targeting framework and 
the adoption of a national plan for 
cleaning up non-performing loans 
wwwa.rdees eartlcsarot.i nnotable developments.
How the Policy 
Reforms are Helping to 
Grow thTeh eE Incdoiann oecmonyom?y has performed 
well in recent years due to both 
productivity enhancement and the 
adoption of structural reforms. 
Productivity has been enhanced by the 
adoption of business process re-
engineering, a change in culture and 
behavior, as well as improvements in 
technology. Structural reforms have 
also played a key role in developing 
resilience in the economy. Businesses 
involved in beauty, electronics, and 
wpwaw.cdkesaegrtceadrt. ifnood have fared pretty well 
over the past years.
How the Policy 
Reforms are Helping to 
Grow the Economy?
Increased reliance on market 
borrowings has helped improve fiscal 
policy transparency and credibility, 
while regulatory measures such as the 
new Insolvency and Bankruptcy Code 
and National Reconstruction Company 
Limited can help to relieve pressures 
created due to non-performing loans. 
These policy measures will continue to 
play an important role in India’s 
sustained economic growth in the 
future.
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How the Policy 
Reforms are Helping to 
Grow the Economy?
India recorded rapid growth in only 
two five-year periods when the 
economy benefited from a growth 
bonus in the form of falling and low oil 
prices. Both these periods were 
followed by sharp slowdowns. In fact, 
India’s growth in the last three 
financial years has averaged just 1.9 
percent. Several leading mobile 
companies are continuing to invest 
heavily in India helping to boost the 
manufacturing sector.
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How the Policy 
Reforms are Helping to 
Grow the Economy?
Crucial to that would be the 
assumption that the economy has 
suffered no lasting damage from 
the pandemic, and further that the 
investment in the transport 
infrastructure and digitization will 
deliver productivity growth. 
Currently, India is one of the 
world's fastest-growing large 
economies.
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