Economic Growth in India

History and Prospect
1. Auflage 2010
ISBN: 978-0-19-806547-0
Verlag: Oxford University Press

Buch, Englisch, 352 Seiten, Format (B × H): 145 mm x 221 mm, Gewicht: 522 g

It is a measure of the youthfulness of economics as a discipline that two centuries after the appearance of Adam Smith's landmark treatise The Wealth of Nations, an economist has posed the question 'How do economies grow?' This comprehensive study of economic growth in India is intended as a response to this question. As history, it surveys the half century from the end of colonial rule to the present; as prognosis, it focuses on what we may expect in the immediate future.

Drawing upon diverse strands of theory, historical perspective, political economy, and econometrics, the book presents an eclectic and original narrative of the Indian growth experience. The main body of the book is divided into four chapters. Chapter 1 provides a critical exposition of some prominent theoretical representations of growth and a historical perspective on ist drivers. The remaining three chapters provide a fresh analysis of three periods, respectively, 1950-64, 1965-91, and 1991 onwards. Presenting a favourable appraisal of the growth record of early independent India and an account of how the advantage was lost, the book argues that it is not just 'more reforms' that stand in the way of sustained double-digit growth rates. The prospects for high long-term growth in India are instead linked with development of agriculture and education, particularly schooling. Further, the author proposes that inclusive growth is not just some optional extra, however desirable, but intrinsic to the prosperity of the country. The possibility of such an outcome, he argues, is tied more to the state's capacity to govern the public institutions once created by it than ist command over resources.

Zielgruppe

This book will be useful to students of Indian economy, development economics, and history, as well as academics, policymakers, development agencies, and all those interested in the evolution of the Indian economy.

Autoren/Hrsg.

Balakrishnan, Pulapre

Fachgebiete

• Wirtschaftswissenschaften Volkswirtschaftslehre Volkswirtschaftslehre Allgemein Wirtschaftswachstum
• Wirtschaftswissenschaften Volkswirtschaftslehre Internationale Wirtschaft Entwicklungsökonomie & Emerging Markets
• Wirtschaftswissenschaften Wirtschaftswissenschaften Wirtschaftsgeschichte
• Geisteswissenschaften Geschichtswissenschaft Geschichtliche Themen Wirtschaftsgeschichte

Inhaltsverzeichnis

List of Tables and Figures; Foreword; Acknowledgements; Introduction;
1.:. Understanding Economic Growth;
2.: A Moribund Economy Quickened, 1950-64;
3.: Second Wind, 1965-91;
4.: Getting Up to Speed after 1991;
Epilogue: Inclusive Growth as Unfinished Business; Appendices; Bibliography; Index

Über Autor(innen)

Pulapre Balakrishnan, Professor, Centre for Contemporary Studies, Nehru Memorial Museum and Library, New Delhi and Centre for International Trade and Development, School of International Studies, Jawaharlal Nehru University, New Delhi