Monday, August 30, 2010

More on the supply constrained Indian economy

Following on about the debate on supply constraints and an over-heating Indian economy, the graphic below shows that the growth rates in cement, steel, and electricity generation (the three critical inputs in capital investments) all remained well below the nominal GDP growth rates for most of the last decade.

1 comment:

jwala narsimha rao said...

Very well written with real intellectual touch. Congratulations.
Jwala