India's Economic Growth History: Fluctuations, Trends, Break Points and Phases

Arvind Virmani
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Arvind Virmani: Director & CE, Indian Council for Research on International Economic Relations, Core 6A, 4th Floor, India Habitat Center, Lodhi Road, New Delhi 110003, India

Indian Economic Review, 2006, vol. 41, issue 1, pages 81-103

Abstract: This paper reviews India's growth performance since independence. One of the innovations in this paper is to take explicit account of rainfall variations that play a very important role in the Indian economy. This allows us to determine whether the Indian economy has become less dependent on the monsoons ('drought proof'). It also allows a statistically more accurate determination of the different phases of Indian economic growth. These phases are linked to different policy regimes and therefore allow us to evaluate the impact of a set of policies on economic growth.

Keywords: Indian Economy; Economic Growth; Development; Phases of Growth; Socialism; Bharatiya Rate of Growth. (search for similar items in EconPapers)
JEL-codes: N1 O1 O4 O5 P0 (search for similar items in EconPapers)

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