75 Years of Growth, Development, and Productivity in India—An Overview

Dibyendu Maiti (), Bishwanath Goldar and K. L. Krishna ()
Additional contact information
Dibyendu Maiti: University of Delhi
Bishwanath Goldar: Institute of Economic Growth
K. L. Krishna: University of Delhi

Chapter Chapter 1 in 75 Years of Growth, Development and Productivity in India, 2025, pp 1-19 from Springer

Abstract: Abstract When the colonial government handed over the country's rule, the Indian people were abysmally poor. Many countries in the world, specifically in the West, were already developed. During British rule for almost two hundred years, the exorbitant exploitation of resources and its unregulated drain left very little to cycle in the accumulation needed to accelerate economic growth. India was a mostly agrarian economy at the time of the Independence and there was very low economic growth in the first half of the twentieth century (1900-1950). During the last 75 years, the economy has demonstrated significant improvement on many fronts, relying mainly on the service sector expansion, with the manufacturing sector growth playing a critical role. The pace and pattern of economic transformation and lessons drawn from the development path have been documented in the volume.

Keywords: Indian growth; Industrialisation debates; Productivity growth; Sectoral dynamics (search for similar items in EconPapers)
Date: 2025
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:isbchp:978-981-97-8054-9_1

Ordering information: This item can be ordered from
http://www.springer.com/9789819780549

DOI: 10.1007/978-981-97-8054-9_1

Access Statistics for this chapter

More chapters in India Studies in Business and Economics from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().