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The state and industrialisation in India: successes and failures and the lessons for the future

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  • Singh, Ajit

Abstract

Among the non-socialist developing countries, the Indian economy has long been regarded as being a classical case of heavy state intervention. In the eyes of the powerful and influential neo liberal critics of the country's economic development, particularly the Bretton Woods institutions, this intervention, if not disastrous, has certainly been inefficient. It is thought to have resulted in a sluggish pace of industrialization and a relatively slow growth of the economy. The majority of India's indigenous economists on the other hand, although critical of many aspects of the state planned economic regime, generally regard it in a more favourable light.

Suggested Citation

  • Singh, Ajit, 1994. "The state and industrialisation in India: successes and failures and the lessons for the future," MPRA Paper 54986, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:54986
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    File URL: https://mpra.ub.uni-muenchen.de/54986/1/MPRA_paper_54986.pdf
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    References listed on IDEAS

    as
    1. Byrd, William A., 1990. "Planning in India: Lessons from four decades of development experience," Journal of Comparative Economics, Elsevier, vol. 14(4), pages 713-735, December.
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    More about this item

    Keywords

    developing countries; Indian economy; Bretton Woods institution; industrialisation; economic regime; state planned;
    All these keywords.

    JEL classification:

    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • O2 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy

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