"Why India Cannot Sustain High Economic Growth", by Kunal KumarKundu
In his article about India's prospects for growth, the author notes that "Per capita availability of food grain is falling as population is growing faster than food grain production. Deplorable rural infrastructure leads to India wasting an amount of food grain... . India's agriculture is still so very highly monsoon dependent..."
www.rediff.com 5/29/2008
If the author is suggesting that India's growth prospects are explained by the classical growth theory, we also expect that
- labor productivity, which has risen in recent years, will eventually decline.
- the subsistence wage will increase.
- real GDP per worker will increase.
- the economy will perpetually grow.