個案資料
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The Indian Economy: A Macroeconomic Turnaround
內容大綱
In July 2016, India celebrated the 25th anniversary of its economic reforms, which were initiated in 1991 as a result of a severe fiscal deficit-driven balance of payments crisis. The reforms saw India gradually break free of a low annual growth rate of 3.0–3.5 per cent. In 2016, with a growth rate of 7.6 per cent, India emerged as the fastest-growing economy in the world. The increases in the country’s macroeconomic indicators in the past 25 years indicated a major turnaround. Were these positive macroeconomic indicators sufficiently sustainable? Should investors be confident about India’s growth story in 2016?
學習目標
This case can be taught in a general management course in a business environment module or in a module on business, government, and international economy. After completing the case, students will be able to<br><ul><li>understand macroeconomic objectives and the indicators used to assess the performance of an economy;</li><li>recognize the challenges to an economy’s growth;</li><li>understand how external sustainability affects an economy;</li><li>understand the roles of fiscal policy and fiscal prudence in an economy; and</li><li>relate macroeconomic indicators to business.</li></ul>