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In recent years, India has enjoyed one of the highest growth rates worldwide, weathering the global financial crisis better than many other countries.
Education has been given high priority by India’s central and state governments and continues to grow fast. Nevertheless, high drop-out rates and low attendance continues to be a challenge at lower levels and enrolment at higher levels remains modest by international standards.
From the mid 1980s, New Zealand was widely considered to be a leader in liberalising product market regulation (PMR).
The Estonian fiscal position is much better than in many OECD countries, the country stands out for having a rather lean government sector and the authorities are striving for efficient use of existing resources.
A considerable housing boom has been a key feature of persistently large saving investment imbalances in New Zealand over the past decade.
The Indian financial system has changed considerably since the 1990s. Interest rates have been deregulated and new entrants allowed in the banking and the securities business.
Estonia has already experienced many benefits of increasing international integration, most obviously in significant convergence.
India’s economy has ranked among the best performers over the past decade, and poverty has been falling faster than in many other emerging economies. India now has the opportunity to move towards sustained and socially inclusive double-digit growth if the right policies are put in place, according to the OECD Secretary-General.
India has the chance to move towards strong, sustained and socially inclusive growth if the right policies are put in place, according to a new OECD report.
The Indian economy has been catching up but sustaining high growth requires further reforms. Fiscal policy needs to be strengthened and spending on subsidies reformed to promote more inclusive growth. The government is committed to building on financial sector reforms.