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Standard System and Bottlenecks to Growth in the Indian Economy: A Study Based on Input-Output Tables (93-94)

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Author Info
Rahul Shastri (National Akademi of Development)

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Abstract

The standard system is in balanced standard proportions, which permit growth without bottlenecks. This study estimates the standard system in the Indian Economy from the input-output tables prepared by the CSO, and use the standard proportions to identify sectors that are a bottleneck to 10% growth of the economic system. The study identifies 26 such sectors, of which 10 appear to be serious bottlenecks, with shortages of more than 1% of the total available resources in 1993-4. Crude oil with a shortage of 15.5%, coal with 13.6%, electricity with 3.8%, inorganic heavy chemicals with 3.3%, fertilisers with 2.6%, pesticides with 2.1% are some of the serious bottleneck sectors. Groundnuts, paper and animal services with about 2% shortfalls appear to be other serious cases of shortfalls at 10% growth rate.

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Publisher Info
Paper provided by EconWPA in its series GE, Growth, Math methods with number 0504003.

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Length: 9 pages
Date of creation: 04 Apr 2005
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Handle: RePEc:wpa:wuwpge:0504003

Note: Type of Document - doc; pages: 9
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Web page: http://129.3.20.41

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Related research
Keywords: Standard proportions Standard proportions bottleneck sectors

Find related papers by JEL classification:
C6 - Mathematical and Quantitative Methods - - Mathematical Methods and Programming
D5 - Microeconomics - - General Equilibrium and Disequilibrium
D9 - Microeconomics - - Intertemporal Choice and Growth

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