There is, however, a fair degree of  BIS central bankers’ speeches  1  unanimity that the Indian economy is currently growing below its potential and closing this negative output gap (i.e., actual growth minus potential growth) has to be a priority. 6. What is holding India back in attaining its potential higher growth rate?
Since the conference theme is “Financing India’s growth – Way Forward”, I would like to start with a basic question: Is availability of finance constraining growth? Financial sector is meant to sub-serve the needs of the real economy and cannot drive growth by itself.