From “Hindu Growth” to Productivity Surge: The Mystery of the Indian Growth Transition
Published By: National Bureau of Economic Research | Published Date: March, 01 , 2004Most conventional accounts of India’s recent economic performance associate the pick-up in economic growth with the liberalisation of 1991. This paper demonstrates that the transition to high growth occured around 1980, a full decade before economic liberalisation. The authors argue that growth was triggered by an attitudinal shift on the part of the national government towards a pro-business (as opposed to pro-liberalisation) approach. The authors also find that registered manufacturing built up in previous decades played an important role in influencing the pattern of growth across the Indian states.
Author(s): Arvind Subramanian, Dani Rodrik | Posted on: Oct 21, 2014 | Views(536)