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Economic Survey of India: Wide Ranging Reforms Needed to Sustain Economic Growth Presentation: Sean Dougherty OECD Senior Economist

Event Description:

India’s annual economic growth could reach a sustainable 10 percent and be spread more evenly across the country if it pursues ambitious and wide-ranging reforms, according to a new OECD report. In its first Economic Survey of India, the OECD finds that market-based reforms since the 1980s have helped reduce poverty and average incomes are expected to double within the next decade. This has made India the world’s third largest economy behind the US and China when measured in terms of real prices and purchasing power. However, reforms of product, labor, and financial markets are needed to raise growth potential beyond the current 8 percent and ensure that future growth is well-balanced. Sean Dougherty will present the major recommendations of the Survey, along with highlights from a benchmarking of 21 Indian states’ market regulations and an examination of firms’ productivity and growth performance.

Biographies:

Sean Dougherty is Senior Economist in the Economics Department of the Organization for Economic Cooperation and Development (OECD) in Paris. He has co-authored the OECD's first economic surveys of both China (2005) and India (2007), and is now leading a team that carries out annual benchmarking of OECD member country structural policies. He writes and speaks regularly on the Chinese and Indian economies, where he has lived and traveled extensively. Before joining the OECD, he worked at The Conference Board in New York, where he covered emerging economies. Dougherty holds graduate degrees in both economics and international relations, as well as a bachelor of science from the Massachusetts Institute of Technology.