Explain three growth drivers and three growth challenges using theory and evidence as appropriate.

Core Task: India

Write a report on the growth drivers and growth challenges of India economy covering the period 2015-2019(inclusive)

• The growth drivers are the factors that cause growth.
• The growth challenges are the factors that inhibit growth.

The aim of the report:

To develop expertise on the growth drivers and growth challenges of your selected economy so that you can offer policy recommendations to the government.

For your report you need to do the following:

• Collect the growth data for your economy over the required time period, present it in a column chart and analyse this data appropriately.
• Explain three growth drivers and three growth challenges using theory and evidence as appropriate.
• Make three policy recommendations to the government.

Structure:

There should be 6 sections in your report. Details regarding each section are outlined below.

1. Introduction (Approximately 150-200 words)

Suggested Content:

▪   Statement of what your report is about and what the purpose is.

▪   Statement about why you choose your selected economy.

▪   Relevant piece of information about your selected economy.

▪   Statement about the structure of our report.

2. Background (Approximately 200-300 words)

Suggested Content:

▪   Growth performance in your selected economy in the period prior to the period being analysed here e.g. 2010-2014.

▪   A data chart may be created and included within the text or in an appendix.

    ▪  Other relevant background information about your selected economy.

3. Data Analysis (Approximately 50-100 words)

 

   Content:

▪   Column Chart of data covering the period 2015-2019(inclusive)

▪   Identification of trends in the data.

▪   Identification of other relevant observations about your data.

4. Performance Analysis (Approximately 800-850 words)

 

    Content:

▪   Clear explanations of three growth drivers and three growth challenges in your selected economy, explained using theory as appropriate and supported with evidence as appropriate.

One example of a challenge to economic growth may be low levels of education.

To explain this growth challenge you would need to report the information you have about this for your country including any supporting evidence that either your source provided or you collected yourself from a databank.  You would also explain why low quality education might restrict growth, using theory as appropriate.

5. Conclusion (Approximately 100-150 words)

Content:

▪    Summary of the key points of your analysis (data, drivers and challenges)

6. Recommendations (Approximately 100-150 words)

Content:

• Three clear recommendations based on your analysis in the previous section. Your recommended policies should be designed to support the growth process (e.g. policies that would create possibilities for growth to happen or policies that would address some of the challenges to growth of the economy).

Theory and/or Task Resources Required for the Assessment

Theory:

The AS/AD model covered in [Lecture 13] can be used to illustrate either demand side or supply side drivers of growth and may be useful as a tool to explain challenges.

The model of economic growth covered in [Lecture 12] can be used to illustrate supply side drivers of growth and may be useful as a tool to explain challenges.

You do not need to include the same diagram more than once or repeat explanations of the same economic mechanisms.  If the same diagram and economic mechanism is relevant more than once in your report, you need to show the diagram and explain clearly the economic mechanism at play the first time that this is relevant and thereafter refer back appropriately.

 

Data Task:

You can acquire your data from the world bank databank or other similar data resource (i.e. reputable international or national organisation)

• If you choose to use the world bank data you can acquire the data as follows:

Type ’world development indicators world bank databank’ into google and click on the first link that appears.  This will take you straight to the database.

https://databank.worldbank.org/source/world-development-indicators#

You need to select your countries, your series and your time period.

Country is the second option on the left hand panel of the screen. Click country, then select the first letter of your country from the horizontal list of letters at the top and you should find your retty easily.

You need to select your country by clicking on the square box to the left of the country name.

Then click series, click G and find GDP growth (% annual). Click on the square box beside this. This is real GDP growth as GDP at 2010 prices is used to calculate the growth rate. (You can find this information on the definition and source tab on the data file that you download once you have specified your data requirements).

Then click time and select the years 2015, 2016, 2017, 2018 and 2019. (the data for 2019 probably won’t be there so you will need to find estimates of the 2019 growth figures from a separate source and reference appropriately).

Then click apply changes and the click the download option at the top right hand corner of the screen.  This will give you a number of options regarding the type of file you will download, excel or csv would be the most popular options.

Research:

The research for this report is secondary research.  You must collect your data from a reputable data source such as the World Bank.  You may also use data collected from one of these data sources to support points in your report (For example, as suggested above you may use data that you collected from a data source to illustrate that the quality of education is low)

In addition, you will need to research the economic performance of your selected country by reading articles and reports about this.

Articles written by reputable newspapers such as the economist, the financial times or the guardian may be useful

Individual country reports about the economy produced by international and national organisations will be useful. Examples of such organisations include, the World Bank, the United Nations, the International Monetary Fund, Central Banks and research institutes such as the National Institute of Economic and Social Research in the UK.

You are required to use a minimum of 6 sources, not including your data source for the GDP data (although that does need to be included in your reference list)

Expected Word Count

The world count for this assignment is 1800 words, excluding diagrams and the reference list.  You may exceed this count by 20% or fall short of this count by 20%.

A report submitted with a wordcount that is less than 1440 or greater than 2160 will receive a penalty.

Your font size for your assignment must be Arial 12.

Harvard Style.