【经济学人视译解读】印度经济增速是绿皮火车还是过山车？
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本期文章来自Business板块，关于印度经济增长的评论。
印度经济增速是绿皮火车还是过山车？
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聆听精致有料的解读和翻译
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正文
India’s economy: Chugging along
India’s economy is back on track. Can it pick up speed?
01
IT IS easy to be awed by the Indian railway network.
The 23m passengers it carries daily travel, in total, over ten times the distance to the sun and back.
It is just as easy to find it unimpressive. Delays are frequent and trains antiquated.
It takes 14 hours to get from India’s capital, Delhi, to its commercial hub, Mumbai.
The equivalent trip in China—from Beijing to Shanghai, a similar distance—takes just over four hours.
02
Similarly, India’s economy can be seen in two lights.
Its long-term growth rate of 7% a year has proved far more dependable than the rail timetable.
GDP has doubled twice in the past two decades.
Yet deep poverty still lingers and jobs are scarce.
And Indian growth has been left in the dust by the Chinese express.
03
After slow running for much of 2017, India is now near to full throttle.
Growth of 7.2% in the three months to December put it ahead of China (which grew at a relatively leisurely 6.8%)
and made it once again the world’s fastest-expanding big economy.
Expectations for the rest of 2018 are similar.
04
Fans of Narendra Modi, India’s prime minister, credit structural reforms he has made over the past four years.
The more plausible explanation is that Indian growth has returned to trend after a bout of political meddling.
“Demonetization” in late 2016, when most banknotes ceased to be legal tender overnight, squeezed growth to 5.7% in the first half of last year.
New notes were printed, but last July, even as life was returning to normal,
a new goods and services tax replaced hundreds of local and nationwide taxes, once again throwing the economy into confusion.
05
At least the tax overhaul, which knits India into a single market for the first time, will eventually increase growth.
Boosters speak of annual GDP gains of 8-10% in the years ahead.
That would not be far short of China in its boom years.
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词汇
✅ antiquated
陈旧的; 过时的 [表不满]
If you describe something as antiquated ['æntɪkwetɪd], you are criticizing it because it is very old or old-fashioned.
✅ lingers
(想法、感觉、疾病) 继续存留
When something such as an idea, feeling, or illness lingers, it continues to exist for a long time, often much longer than expected.
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