Crisil Outlook : Of growth & missed opportunity

CRISIL has released a report, ‘Of Growth and Missed Opportunity’, which throws light on the implications of high and low growth. India witnessed an eight-year spell of near 9% GDP growth between fiscals 2004 and 2011, with the global financial crisis interjecting in 2009. While growth has since dropped below 5% things seem to be turning around. We believe India could now average 6.5% over the next five years, but a return to 9% growth levels is not on the horizon.

This report looks at the difference 9% growth makes compared with our 6.5% baseline call and an unseemly 5%. It shows the tangible benefits in terms of goods sold, jobs created and poverty reduced under the three scenarios. For example, 9% growth would mean 49 million less Indians below the poverty line and 10 million more two-wheeler purchases, compared to the scenario of 6.5% growth.

Policymakers and business leaders will find the equations handy when initiating remedial action.

Full report at : http://www.crisil.com/pdf/research/of-growth-&-missed-opportunity.pdf

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About AIWMI

The Association of International Wealth Management of India (AIWMI) is a not-for-profit organization and a globally recognized membership association for finance professionals. AIWMI primarily focuses on the broad and strategic role of developing a more robust and forward-looking training infrastructure for the financial services sector and to promote more active industry involvement and collaboration in training and continuing education. AIWMI is offering advanced international certification programs along with a wide variety of high-quality executive education programs. AIWMI programs combine state-of-the-art knowledge and skills with practical experience and insights into the functioning of the financial sector. All AIWMI courses and educational events have an intense and pragmatic curriculum. Participants are exposed to the latest developments within the financial services sector. AIWMI plays a key role in guiding the development of the financial services sector. AIWMI works with key industry participants’ viz. the Government, the Regulators, the Industries/Associations, the Corporate, the Media and the General Public to achieve its objectives. Besides enhancing technical competence and professionalism in the industry, AIWMI organizes events and facilitates discussions to promote best practices in leadership and talent development in the financial sector with an aim to become Asia’s premier center of excellence for financial education.

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