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Industry and services in growth and structural change in India: some unexplored features

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  • Mazumdar, Surajit

Abstract

This paper briefly presents an analytical description of the twin processes of growth of output and change in its composition in the Indian economy since independence, by looking at the time-paths of the two dimensions simultaneously. It suggests that three turning points located respectively in the mid-1960s, 1980, and the mid-1990s separate the entire period after independence into four sequential phases of growth and structural change. This periodization of India’s post-independence economic history points towards the need to go beyond relating the dynamics of the Indian economy to exclusively the degree to which the prevalent economic policy regime was interventionist or liberal in different periods

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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 20401.

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Date of creation: Jan 2010
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Handle: RePEc:pra:mprapa:20401

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Keywords: Growth; Structural Change; India;

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  1. Rodrik, Dani & Subramanian, Arvind, 2004. "From "Hindu Growth" to Productivity Surge: The Mystery of the Indian Growth Transition," Working Paper Series rwp04-013, Harvard University, John F. Kennedy School of Government.
  2. Arvind Virmani, 2004. "Sources of India's economic growth: trends in total factor productivity," Indian Council for Research on International Economic Relations, New Delhi Working Papers 131, Indian Council for Research on International Economic Relations, New Delhi, India.
  3. Schettkat, Ronald & Yocarini, Lara, 2003. "The Shift to Services: A Review of the Literature," IZA Discussion Papers 964, Institute for the Study of Labor (IZA).
  4. Arvind Virmani, 2004. "India's economic growth: From socialist rate of growth to Bharatiya rate of growth," Indian Council for Research on International Economic Relations, New Delhi Working Papers 122, Indian Council for Research on International Economic Relations, New Delhi, India.
  5. Ajit Singh & Sukti Dasgupta, 2005. "Will services be the new engine of economic growth in India?," ESRC Centre for Business Research - Working Papers wp310, ESRC Centre for Business Research.
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Cited by:
  1. Das Gupta, Chirashree, 2012. "Growth and public finance in Bihar," IDE Discussion Papers 331, Institute of Developing Economies, Japan External Trade Organization(JETRO).
  2. De Prato, Giuditta & Nepelski, Daniel, 2012. "A framework for assessing innovation collaboration partners and its application to India," MPRA Paper 39284, University Library of Munich, Germany.

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