Economic slowdown and revival

What can policymakers do to revive the pace of economic activity and generate more jobs

Shankar Acharya 

Shankar Acharya Over the past year, the evidence has mounted of a significant slowdown in the growth of national economic output, investment and employment and raised the issue of what can policymakers — notably the government and the Reserve Bank of India (RBI) — do to revive the pace of economic activity and generate more jobs. Slowdown: First, the official data on economic growth shows that there has been a steady and sizeable decline in the growth rate of gross valued added (GVA) by quarter (annualised) from 8.7 per cent in Q4 2015-16 to 5.6 per cent in Q4 2016-17, the latest quarter for ...

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