A ‘mixed-race’ group of people in India are driving India’s economy, while other groups have failed to deliver, says a new study.
The study, published by India’s Economic Survey Commission, said “migrant” immigrants from the Middle East, Central Asia and South Asia are driving growth in India’s GDP.
The report, titled ‘Migrant Indians’ drive India’s Growth’, said that “more than half of India’s total economic activity is driven by immigrants, who make up a sizeable share of the country’s population of 1.3 billion people.
The “mixed” group of immigrants account for about 60 percent of India the country, according to the study.”
India’s economy is largely dependent on migration, which has not only helped to drive growth in the country but has also contributed to the economic success of migrants in India,” said Rupak Sharma, a professor of economics at the Indian Institute of Science.
The Economic Survey Council, an independent body of economic experts, said that while the growth of the “migrants” in India was very positive, “the success of the overall Indian economy is also the result of strong private sector performance, which helped in the recent economic upturn.”
Migrants are the key drivers of India in the current and post-2015 economic cycle.
They are the major drivers of Indian economic growth,” the study said.
The Indian economy has been growing at an average rate of 7.4 percent over the past five years, but the “immigration” group has been able to grow at a faster rate of 12.1 percent.
The authors of the study also said that India’s economic growth has been driven by “migration”, especially from the “southern countries” of the Middle Eastern, Central Asian and South Asian region, where “migrated” people are a majority.
“Indian society is more divided and the government has not been able or willing to address these issues in the right manner,” Sharma said.
India’s “migrating” population is estimated at about 2.3 million, with about a third of the population in the region being Muslims.
According to the report, the Muslim population in India is “very low” at around 1.5 million.
The researchers said India’s “diseases” are also the main reason for the “downturn” in the growth in Indian GDP.
“In addition, India’s migration dynamics are not yet clear and there is no firm understanding of the causes behind the slowdown in India and the challenges it poses to the government’s policies,” the report said.
It said India is currently experiencing a “mild” and “moderately” severe drought.
The main cause of the downturn in the Indian economy was “poor governance, corruption, inadequate economic infrastructure and poor governance of the civil service”.