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The Enigma of the ‘Indian Model’ of Development

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  • Amit Shovon Ray

    (Centre for International Trade and Development,Jawaharlal Nehru University; Director, Centre for Development Studies, Trivandrum)

Abstract

The present chapter is an attempt to unveil the enigma of the ‘Indian model’ of development. After discussing the evolution of India’s development policies over the last six decades, the paper attempts to unfold India’s development trajectory. It shows how, despite India’s lost opportunity to be a part of the Asian Miracle of the 1960s, 1970s and 1980s, the country finally emerged a global player in the last couple of decades. However, the Indian model of development, principally driven by rapid expansion of high-end knowledge-intensive sectors, comes with a tragic neglect of low-end labourintensive mass manufactures. From an agriculture-dominated economy, India straight away jumped to an economic structure, albeit with a transition period of three or four decades, during which services and high-end manufacturing assumed the lead role. This development model is not only inequitable in the extreme, but it is also a prescription for political volatility and is definitely not a sustainable development model, especially in a democracy.

Suggested Citation

  • Amit Shovon Ray, "undated". "The Enigma of the ‘Indian Model’ of Development," Centre for International Trade and Development, Jawaharlal Nehru University, New Delhi Discussion Papers 15-01, Centre for International Trade and Development, Jawaharlal Nehru University, New Delhi, India.
    • Handle: RePEc:ind:citdwp:15-01
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    References listed on IDEAS

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    1. Jagdish N. Bhagwati & T. N. Srinivasan, 1975. "Foreign Trade Regimes and Economic Development: India," NBER Books, National Bureau of Economic Research, Inc, number bhag75-1, December.
    2. World Bank, 2005. "India : India and the Knowledge Economy, Leveraging Strengths and Opportunities," World Bank Publications - Reports 8565, The World Bank Group.
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