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Industry and services in growth and structural change in India: some unexplored features

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  • Mazumdar, Surajit

Abstract

This paper briefly presents an analytical description of the twin processes of growth of output and change in its composition in the Indian economy since independence, by looking at the time-paths of the two dimensions simultaneously. It suggests that three turning points located respectively in the mid-1960s, 1980, and the mid-1990s separate the entire period after independence into four sequential phases of growth and structural change. This periodization of India’s post-independence economic history points towards the need to go beyond relating the dynamics of the Indian economy to exclusively the degree to which the prevalent economic policy regime was interventionist or liberal in different periods

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  • Mazumdar, Surajit, 2010. "Industry and services in growth and structural change in India: some unexplored features," MPRA Paper 20401, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:20401
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    1. Dani Rodrik & Arvind Subramanian, 2005. "From "Hindu Growth" to Productivity Surge: The Mystery of the Indian Growth Transition," IMF Staff Papers, Palgrave Macmillan, vol. 52(2), pages 193-228, September.
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    6. Victor R. Fuchs, 1968. "The Service Economy," NBER Books, National Bureau of Economic Research, Inc, number fuch68-1, July.
    7. Arvind Virmani, 2004. "Sources of India's economic growth: trends in total factor productivity," Indian Council for Research on International Economic Relations, New Delhi Working Papers 131, Indian Council for Research on International Economic Relations, New Delhi, India.
    8. Schettkat, Ronald & Yocarini, Lara, 2003. "The Shift to Services: A Review of the Literature," IZA Discussion Papers 964, Institute of Labor Economics (IZA).
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    Cited by:

    1. Das, Gupta Chirashree, 2012. "Growth and public finance in Bihar," IDE Discussion Papers 331, Institute of Developing Economies, Japan External Trade Organization(JETRO).
    2. Mazumdar, Surajit, 2018. "The Incomplete Transition: Stunted Industrialisation and the Historical Development of India's Big Business Class," MPRA Paper 104967, University Library of Munich, Germany.
    3. Altaf Hussain Padder & Mathavan Bommayasamys, 2023. "Structural transformation path across Indian states: Findings from panel data analyses," American Journal of Social Sciences and Humanities, Online Science Publishing, vol. 8(1), pages 89-112.
    4. Mazumdar, Surajit, 2011. "Continuity and Change in Indian Capitalism," MPRA Paper 38907, University Library of Munich, Germany.
    5. Giuditta De Prato & Daniel Nepelski, 2012. "A framework for assessing innovation collaboration partners and its application to BRICs," JRC Research Reports JRC79395, Joint Research Centre, revised Nov 2012.
    6. De Prato, Giuditta & Nepelski, Daniel, 2012. "A framework for assessing innovation collaboration partners and its application to India," MPRA Paper 39284, University Library of Munich, Germany.
    7. Pratima Verma & Siddharth Mohapatra & Jan Löwstedt, 2016. "Ethics Training in the Indian IT Sector: Formal, Informal or Both?," Journal of Business Ethics, Springer, vol. 133(1), pages 73-93, January.

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    More about this item

    Keywords

    Growth; Structural Change; India;
    All these keywords.

    JEL classification:

    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General

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