With these advantages on their side, stronger autonomous growth by EDEs, driven by domestic demand, combined with structural reforms in both advanced economies and EDEs, would clearly help maximize positive feedbacks that benefit all. However, despite some decoupling, EDE growth remains bound to recovery in advanced economies.
Rebalancing growth towards domestic consumption in EDEs is under way, but it will be many years before they can become self-propelling engines of growth. In the given scenario to expect that the EDEs, by themselves, will be able to lift global growth to the pre-crisis levels appears to be unrealistic. III. Indian growth and outlook  India’s growth performance 21.