On the face of it, 2014 has been another disappointing year for the Indianeconomy. Growth over the first three quarters averaged just 5.2% y/y, only asmall improvement from the trough of 2012-2013 and still far below the ratesachieved in the prior decade. But digging a little deeper, there havebeen a number of positive developments. Current account vulnerabilities are farlower now than they were a year ago. Meanwhile, inflation has fallen to multiyearlows. With the BJP-led government’s reform agenda now also beginning tobuild momentum, the Indian economy should start 2015 on a brighter note.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services