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Industrial Development in India under Liberalization

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  • Mazumdar, Surajit

Abstract

This paper first seeks to establish that no breakthrough in industrialization has coincided with the transition to a liberalized and open economic policy regime since 1991, and then examines the reasons behind this failure of India to break her industrialization impasse. It asserts that the real barrier to Indian industrialization is a severe demand constraint – and liberalization has only aggravated that, including by not eliminating the limitations of the industrial sector that would permit an export-led process of industrial development.

Suggested Citation

  • Mazumdar, Surajit, 2021. "Industrial Development in India under Liberalization," MPRA Paper 123214, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:123214
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    File URL: https://mpra.ub.uni-muenchen.de/123214/1/MPRA_paper_123214.pdf
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    References listed on IDEAS

    as
    1. Mazumdar, Surajit, 2008. "Investment and growth in India under liberalization: Asymmetries and Instabilities," MPRA Paper 19629, University Library of Munich, Germany.
    2. 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.
    3. Bhagwati, Jagdish, 1993. "India in Transition: Freeing the Economy," OUP Catalogue, Oxford University Press, number 9780198288473, Decembrie.
    4. Tendulkar, Suresh D. & Bhavani,, 2007. "Understanding Reforms: Post 1991 India," OUP Catalogue, Oxford University Press, number 9780195687118, Decembrie.
    5. Sudip Chaudhuri, 2015. "Premature Deindustrialization in India and Re thinking the Role of Government [La désindustrialisation précoce en Inde : pour un nouveau rôle du gouvernement]," Working Papers halshs-01143795, HAL.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    India; Industrialization; Liberalization;
    All these keywords.

    JEL classification:

    • N6 - Economic History - - Manufacturing and Construction
    • N65 - Economic History - - Manufacturing and Construction - - - Asia including Middle East
    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
    • O5 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East

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