Madhavi Pundit is an Economist in the Economics Research and Regional Cooperation Department, Asian Development Bank, Manila. Prior to this, she was Assistant Professor at the National Institute of Public Finance and Policy, New Delhi, India. Madhavi completed her M.A and Ph.D. in Economics from Boston College, USA. Her research is in the areas of general macroeconomics, international finance and open economy macroeconomics with particular focus on emerging economy policy-relevant issues. Her recent work includes analyses for emerging economies of their growth potential, financial development, financial stability and capital flows, openness and business cycle volatility. Another area of work is developing frameworks for monitoring macroeconomic activity in countries with limited data availability.
Where is India’s growth story headed?
25 May 2015
The global financial crisis and domestic policy paralysis led to a decline in firms’ investment activities and investors’ business confidence in India. Could this have affected the economy’s long-term growth? This column contends that institutional capacity for reform and the right policy action can render the negative investment shock temporary, and ensure that the trend growth of output remains strong.
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