Mar 4

Past Event

The State of the Indian Economy: The Budget and Beyond

Event Materials


Full Event


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Over the last couple of years, India's economic growth rate has slowed. It remains one of the fastest-growing economies in the world, but the decline has caused concern within that country and outside of it. In the fall of 2012, the Indian government took measures to reverse the trend, but authorities acknowledge that much remains to be done. On February 28, P. Chidambaram, the Indian finance minister, will release the Union budget, which analysts will watch closely to determine the direction the government intends to take, especially with regard to economic reforms.

On March 4, the India Project at Brookings hosted a discussion of the state of the Indian economy, the highlights of the Indian budget, and prospects for further reforms and growth. Panelists also discussed the recently released International Monetary Fund annual staff report on India, which assesses Indian economic performance and lays out the risks and opportunities that lie ahead for the country. Panelists included Diane Farrell, executive vice president of the U.S.-India Business Council, Anne Krueger, professor of international economics at the School for Advanced International Studies, Johns Hopkins University, and Laura Papi, assistant director in the Asia and Pacific Department of the IMF. Brookings Senior Fellow Eswar Prasad, the New Century chair in International Trade and Economics, moderated the discussion.

Event Agenda

  • Featured Speakers

    • Diane Farrell

      Executive Vice President

      U.S.-India Business Council

    • Anne Krueger

      Professor of International Economics

      School of Advanced International Studies, Johns Hopkins University

    • Laura Papi

      Assistant Director, Asia and Pacific Department

      International Monetary Fund

    • Ejaz Ghani

      Economic Advisor, South Asia

      World Bank

  • Moderator


March 4, 2013

3:30 PM - 5:00 PM EST

Brookings Institution

Saul/Zilkha Rooms

1775 Massachusetts Avenue NW


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