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The Political Economy of Recent Economic Growth in India

In: Economic Growth, Economic Performance and Welfare in South Asia

Author

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  • Raghbendra Jha

Abstract

The political economy of India’s economic growth is an issue of abiding interest. Higher and sustained economic growth has, all over the world, been the surest and most time tested means of raising living standards and reducing poverty. Further, given that it is a functioning democracy, economic policy in India can often be dictated by political expediency as political parties indulge in competitive populism in the face of improvements in social indicators such as literacy, infant mortality and the like lagging behind rises in the rate of economic growth. Thus the political economy of policy formulation is an important area of concern. Finally, an analysis of what policies can be undertaken given these constraints is an important indicator of potential welfare implications of policies for such a large section of humanity.

Suggested Citation

  • Raghbendra Jha, 2005. "The Political Economy of Recent Economic Growth in India," Palgrave Macmillan Books, in: Raghbendra Jha (ed.), Economic Growth, Economic Performance and Welfare in South Asia, chapter 3, pages 28-51, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-52031-8_3
    DOI: 10.1057/9780230520318_3
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    Cited by:

    1. Raghbendra Jha, 2008. "Inflation targeting in India: issues and prospects," International Review of Applied Economics, Taylor & Francis Journals, vol. 22(2), pages 259-270.
    2. U.N. Bhati & Raghbendra Jha, 2006. "Emerging Opportunities for Australia in India's Paper and Paperboard Market," ASARC Working Papers 2006-05, The Australian National University, Australia South Asia Research Centre.
    3. Bhaskar Vira & Al James, 2012. "Building Cross-Sector Careers in India's New Service Economy? Tracking Former Call Centre Agents in the National Capital Region," Development and Change, International Institute of Social Studies, vol. 43(2), pages 449-479, March.

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