Economic Liberalization and Indian Economic Growth: What's the Evidence?
India's growth and poverty performance over the last three decades has been a subject of great curiosity. Unlike the East Asian countries, India's growth spurt is not associated with exceptionally high domestic savings or foreign capital inflows or manufacturing exports. So what triggered...
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| Published in | Journal of economic literature Vol. 49; no. 4; pp. 1152 - 1199 |
|---|---|
| Main Authors | , , |
| Format | Journal Article |
| Language | English |
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Nashville
American Economic Association
01.12.2011
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| Abstract | India's growth and poverty performance over the last three decades has been a subject of great curiosity. Unlike the East Asian countries, India's growth spurt is not associated with exceptionally high domestic savings or foreign capital inflows or manufacturing exports. So what triggered the change in the growth trajectory? Did the market liberalization policies of the 1990s help? How have the initial conditions shaped the process? And how has the "Indian model" impinged on India's central problem of mass poverty? This paper surveys the literature and offers its own assessment of the drivers of change. |
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| AbstractList | India's growth and poverty performance over the last three decades has been a subject of great curiosity. Unlike the East Asian countries, India's growth spurt is not associated with exceptionally high domestic savings or foreign capital inflows or manufacturing exports. So what triggered the change in the growth trajectory? Did the market liberalization policies of the 1990s help? How have the initial conditions shaped the process? And how has the “Indian model” impinged on India's central problem of mass poverty? This paper surveys the literature and offers its own assessment of the drivers of change. (JEL I32, O13, O14, O15, O21, O47) India's growth and poverty performance over the last three decades has been a subject of great curiosity. Unlike the East Asian countries, India's growth spurt is not associated with exceptionally high domestic savings or foreign capital inflows or manufacturing exports. So what triggered the change in the growth trajectory? Did the market liberalization policies of the 1990s help? How have the initial conditions shaped the process? And how has the "Indian model" impinged on India's central problem of mass poverty? This paper surveys the literature and offers its own assessment of the drivers of change. India's growth and poverty performance over the last three decades has been a subject of great curiosity. Unlike the East Asian countries, India's growth spurt is not associated with exceptionally high domestic savings or foreign capital inflows or manufacturing exports. So what triggered the change in the growth trajectory? Did the market liberalization policies of the 1990s help? How have the initial conditions shaped the process? And how has the Indian model impinged on India's central problem of mass poverty? This paper surveys the literature and offers its own assessment of the drivers of change. [PUBLICATION ABSTRACT] |
| Author | Ramaswami, Bharat Wadhwa, Wilima Kotwal, Ashok |
| Author_xml | – sequence: 1 givenname: Ashok surname: Kotwal fullname: Kotwal, Ashok – sequence: 2 givenname: Bharat surname: Ramaswami fullname: Ramaswami, Bharat – sequence: 3 givenname: Wilima surname: Wadhwa fullname: Wadhwa, Wilima |
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| Copyright | Copyright © 2011 The American Economic Association Copyright American Economic Association Dec 2011 |
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| SubjectTerms | 1950-2004 Agriculture Crop economics Crops Deregulation Deregulierung Economic growth Economic growth rate Economic liberalism Economic liberalization Economic reform Employment Exports Foreign capital GDP Gross Domestic Product Hypotheses India Indien Labor force Liberalization Manufacturing Manufacturing industries Market structure Poverty Productivity Reform Savings Studies Wirtschaftsreform Wirtschaftswachstum |
| Title | Economic Liberalization and Indian Economic Growth: What's the Evidence? |
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