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This paper analyzes the drivers of India’s growth in the past five decades and considers baseline and upside scenarios of India’s medium-term potential growth. Using a production function approach, the paper assesses the impact of the pandemic on the key factors of production and therefore its impact on medium-term growth. Successful implementation of wide-ranging structural reforms could help support productivity and potential growth over the medium term.

Macroeconomics --- Economics: General --- Labor --- Production and Operations Management --- Diseases: Contagious --- Investment --- Capital --- Intangible Capital --- Capacity --- Macroeconomics: Production --- Employment --- Unemployment --- Wages --- Intergenerational Income Distribution --- Aggregate Human Capital --- Aggregate Labor Productivity --- Development Planning and Policy: General --- Production --- Cost --- Capital and Total Factor Productivity --- Health Behavior --- Labor Economics: General --- Demand and Supply of Labor: General --- Human Capital --- Skills --- Occupational Choice --- Labor Productivity --- Economic & financial crises & disasters --- Economics of specific sectors --- Labour --- income economics --- Infectious & contagious diseases --- Economic growth --- Health --- Currency crises --- Informal sector --- Economics --- Industrial productivity --- Communicable diseases --- Labor economics --- Labor market --- Human capital --- India