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The Rate of Growth of the Indian Economy

In: Economic Development in South Asia

Author

Listed:
  • Ashok Rudra

    (Visva-Bharati University)

Abstract

In this paper we have concentrated attention on a single question, i.e. whether there is any indication of acceleration or retardation of the growth of the Indian economy or either of its two parts, industry and agriculture, measuring growth in terms of the concept of total domestic product. The treatment is entirely statistical and that too involving only very elementary tools. We have deliberately abstained from taking up any properly economic arguments regarding the phenomenon of our economic growth. Our justification for restricting our considerations to a purely statistical analysis is that we think it is extremely important to ascertain the limits of factual truths about the phenomenon of growth before launching into discussions about the factors giving rise to the phenomenon. A great number of very loose statements about how the rate of growth of the economy has been rising or falling are made in connection with the discussions regarding the factors of development — statements which are made without being based on adequate statistical analyses.

Suggested Citation

  • Ashok Rudra, 1970. "The Rate of Growth of the Indian Economy," International Economic Association Series, in: E. A. G. Robinson & Michael Kidron (ed.), Economic Development in South Asia, chapter 3, pages 35-53, Palgrave Macmillan.
    • Handle: RePEc:pal:intecp:978-1-349-00964-0_3
    DOI: 10.1007/978-1-349-00964-0_3
    as

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