Sustainable Economic Growth for India: An Exercise in Macroeconomic Scenario Building

Use of Macroeconometric models has by now assumed a measure of universality as an unavoidable aid to forecasting and policy analysis; challenges and controversies spread over more than two decades notwithstanding. While such models are typically designed and utilised for dealing with short term p… roblems their application to issues of long term growth has been equally important, though less frequent. The present exercise is intended to examine India’s growth prospects during the first two decades of the third millennium on the basis of a comprehensive econometric model. [Working Paper No. 100]