Chapter

Second Wind, 1965–91

Pulapre Balakrishnan

in Economic Growth in India

Published in print August 2010 | ISBN: 9780198065470
Published online October 2012 | e-ISBN: 9780199080090 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780198065470.003.0003
Second Wind, 1965–91

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This chapter examines the economic growth in India for the period 1950–64. What is distinctive about this period is that while the policy regime had remained more or less unchanged, the rate of growth of the economy accelerated. Economic growth is explained in terms of the wider impact of the Green Revolution. Initiated with renewed vigour in the mid-1960s, this intervention not only increased the rate of growth of agriculture, notably food production, but energized the rest of the economy via forward and backward linkages. This account was validated in an econometric investigation of inter-sectoral growth relations prior to and inclusive of the transition date.

Keywords: India; economic growth; economic policy; Green Revolution

Chapter.  26643 words.  Illustrated.

Subjects: Economic Development and Growth

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