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Standing on the crossroads: The Indian economy in the 21st century

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  • Singh, Ajit

Abstract

Indian economic development in the recent period has attracted both favourable and unfavourable attention abroad. The development community including academics and activists regards the record of the Indian economy during the last twenty years as being extremely good by international standards. On the other hand, workers and trade unions in advanced countries, particularly the US, have been alarmed by the outsourcing of service sector jobs to India by many large companies. There has certainly been an attitudinal change in assessments of the Indian economy over the last decade. This is partly because of the country’s huge advances in Information Technology (IT); but it is also due to new thinking with respect to the theory of economic development.

Suggested Citation

  • Singh, Ajit, 2004. "Standing on the crossroads: The Indian economy in the 21st century," MPRA Paper 53432, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:53432
    as

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    References listed on IDEAS

    as
    1. Singh, Ajit, 1977. "UK Industry and the World Economy: A Case of De-industrialisation?," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 1(2), pages 113-136, June.
    2. Singh, Ajit, 1989. "Third World Competition and De-industrialisation in Advanced Countries," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 13(1), pages 103-120, March.
    3. Martin Neil Baily & Robert Z. Lawrence, 2004. "What Happened to the Great U.S. Job Machine? The Role of Trade and Electronic Offshoring," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 35(2), pages 211-284.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Indian economy; 21st century; economic choices; information technology; economic growth rate; poverty reduction;
    All these keywords.

    JEL classification:

    • F0 - International Economics - - General
    • F6 - International Economics - - Economic Impacts of Globalization
    • O2 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy
    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights

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