Chapter

Economic Resurgence, Lopsided Reform and Jobless Growth

VIJAY JOSHI

in Diversity and Change in Modern India

Published by British Academy

Published in print April 2010 | ISBN: 9780197264515
Published online February 2012 | e-ISBN: 9780191734403 | DOI: http://dx.doi.org/10.5871/bacad/9780197264515.003.0004

Series: Proceedings of the British Academy

Economic Resurgence, Lopsided Reform and Jobless Growth

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This chapter discusses the economic growth of India after gaining its independence. It shows that there was growth and poverty reduction after 1980 and looks at the concept of macroeconomic balance. Structural reform is also discussed in the chapter. It is determined that in the second half of India's post-independence career, growth has increased dramatically as a consequence of economic reform. This reform was able to unshackle the economy from the firm grip of controls and exposed it to international competition.

Keywords: economic growth; growth reduction; poverty reduction; macroeconomic balance; structural reform; economic reform; international competition

Chapter.  13159 words. 

Subjects: Social Movements and Social Change

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