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Industry and Services in Growth and Structural Change in India: Some Unexplored Features

Author

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  • Surajit Mazumdar

    (Institute for Studies in Industrial Development, New Delhi, India)

Abstract

This paper briefly presents an analytical description of the twin processes of growth of output and change in its composition in the Indian economy since independence, by looking at the time-paths of the two dimensions simultaneously. It suggests that three turning points located respectively in the mid-1960s, 1980, and the mid-1990s separate the entire period after independence into four sequential phases of growth and structural change. This periodization of India’s postindependence economic history points towards the need to go beyond relating the dynamics of the Indian economy to exclusively the degree to which the prevalent economic policy regime was interventionist or liberal in different periods.

Suggested Citation

  • Surajit Mazumdar, 2010. "Industry and Services in Growth and Structural Change in India: Some Unexplored Features," Working Papers 127, Institute for Studies in Industrial Development (ISID).
    • Handle: RePEc:sid:wpaper:127
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    File URL: https://isid.org.in/wp-content/uploads/2022/09/WP127.pdf
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    References listed on IDEAS

    as
    1. Zoltan Kenessey, 1987. "The Primary, Secondary, Tertiary And Quaternary Sectors Of The Economy," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 33(4), pages 359-385, December.
    2. Dani Rodrik & Arvind Subramanian, 2005. "From "Hindu Growth" to Productivity Surge: The Mystery of the Indian Growth Transition," IMF Staff Papers, Palgrave Macmillan, vol. 52(2), pages 193-228, September.
    3. Ajit Singh & Sukti Dasgupta, 2005. "Will services be the new engine of economic growth in India?," Working Papers wp310, Centre for Business Research, University of Cambridge.
    Full references (including those not matched with items on IDEAS)

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    JEL classification:

    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General

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