Economic Growth in India: A Longer View

M. Parameswaran () and Pulapre Balakrishnan
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M. Parameswaran: Centre for Development Studies
Pulapre Balakrishnan: Centre for Development Studies

Chapter Chapter 3 in 75 Years of Growth, Development and Productivity in India, 2025, pp 91-111 from Springer

Abstract: Abstract This chapter investigates the trajectory of economic growth in India in the post-independence period. The study identifies various phases of growth of aggregate GDP and its sectors using the methodology of Bai and Perron (Econometrica 66:47–78, 1998). The methodology has the advantage that it is immune to the researcher’s prior beliefs. The chapter discusses the growth phases of the aggregate economy, thus, identifies their origins in terms of sectoral growth changes. In the last section, the chapter discusses the significance of the growth accelerations of the economy and the different explanations provided.

Keywords: Economic growth; Growth regimes; Indian economy (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:spr:isbchp:978-981-97-8054-9_3

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DOI: 10.1007/978-981-97-8054-9_3

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