OECD's periodic review of India's economy.  This edition includes chapters covering sustaining growth and improving living standards, fiscal policy, energy subsidies, financial reform, and education.

Executive summary
Assessment and recommendations
Chapter 1. Sustaining growth and improving living standards
-Growth has been strong and prospects are favourable
-Improving living standards further remains a priority
-Labour market reforms would help boost employment creation
-Product market reform is needed to keep up rapid and inclusive growth
-Ensuring adequate investment in infrastructure is critical
-The Indian economy is continuing to catch up
-Annex 1.A1. Growth projections through 2025: a highly stylised outlook for India.
Chapter 2. Fiscal prospects and reforms
-Fiscal consolidation: A partial success
-Spending and deficits in the medium term: Can expenditure be made more effective?
-A new framework for fiscal policy
-Tax reform
-Conclusions
Chapter 3. Phasing out energy subsidies
-India is one of the world’s largest energy consumers but access remains poor
-India’s energy subsidies are very large
-India’s subsidies for petroleum products burden the budget
-India’s petroleum subsidies are economically and environmentally damaging
-Electricity subsidies restrict the development of the sector
-Coal market reform is important
-India’s energy subsidies miss their target
-India has made some progress in reducing energy subsidies
-The way forward
Chapter 4. Financial reform in India: time for a second wave?
-Credit markets
-The banking sector
-Securities markets
-Conclusions
Chapter 5. Building on progress in education
-Education is expanding rapidly but quality is often low
-The rise of the private sector creates challenges and opportunities for improving access and quality
-Improving school performance requires reforms as well as resources
-Lifting vocational and tertiary education quality requires wide-ranging reforms