The Global Economic Context and the 12th Five Year Plan Agenda

The developing countries’ share of GDP in the world GDP is increasing and could become 42% by 2017. If the growth achieved by these countries partly depends on dynamics which is unique to them, it needs to be reiterated that they are evolving in a global context, characterized by the existing difficulties of the United States and the European Union. This global context, of which the Indian economy is now increasingly a part, is analysed through the prism of short term, medium term and long term perspectives. In the second part, the paper undertakes an analysis of the characteristics of the Indian economy from the angle of investment and saving, before proposing a series of measures enabling it to face the challenges before it, especially in the field of infrastructure and agro-foods production.