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As expected, the optimism regarding India's future growth is reinforced throughout the survey. However, important risk factors have been glossed over. The significant risks faced by the country from becoming increasingly dependent on the services sector to continue to serve as the engine of growth without adequate focus on skill development is not dealt with adequately. Risks to the exchange rate arising from volatile FII flows impacting the state of the current account deficit are also understated. Finally, while the report does get into the issue of social sector priorities and inclusive growth, it fails to provide a clear roadmap on how this can be achieved.
Shanto Ghosh, Principal Economist, Deloitte in India.
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