Arvind Virmani (Director & CE, Indian Council for Research on International Economic Relations, Core 6A, 4th Floor, India Habitat Center, Lodhi Road, New Delhi 110003, India)
Abstract
This paper reviews India's growth performance since independence. One of the innovations in this paper is to take explicit account of rainfall variations that play a very important role in the Indian economy. This allows us to determine whether the Indian economy has become less dependent on the monsoons ('drought proof'). It also allows a statistically more accurate determination of the different phases of Indian economic growth. These phases are linked to different policy regimes and therefore allow us to evaluate the impact of a set of policies on economic growth.
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Publisher Info
Article provided by Department of Economics, Delhi School of Economics in its journal Indian Economic Review.
Find related papers by JEL classification: N1 - Economic History - - Macroeconomics and Monetary Economics; Growth and Fluctuations O1 - Economic Development, Technological Change, and Growth - - Economic Development O4 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity O5 - Economic Development, Technological Change, and Growth - - Economywide Country Studies P0 - Economic Systems - - General
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