Estimation of a Social Rate of Interest for India
估计了印度的社会折现率为5.2%，用于评估投资项目（如农业改进项目）的经济效益，对政策制定者和项目评估者有用。
This paper estimates a social discount rate in India for the purpose of economic evaluation of investment projects, such as those aimed at improving the nation's agricultural performance. The component parameters of this rate are: the growth rate of per capita consumption in real terms, the elasticity of the marginal utility of consumption and the mortality‐based discount rate. Based upon time series data, the overall figure turns out to be 5.2 percent. This, it is contended, is reasonable and may be used in cost benefit analysis in that country.