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| The author favours a greater thrust to agriculture, and improved governance for achieving inclusive growth |
ECONOMIC GROWTH IN INDIA — History & Prospect: Pulapre Balakrishnan; Oxford University Press, YMCA Library Building, Jai Singh Road, New Delhi-110001. Rs. 750.
India's growth performance since1991 has been characterised by some economists as “on the growth turnpike”, “India's turn,” and “India the emerging giant”. Pulapre Balakrishnan's book, apart from surveying the country's economic history since Independence, projects what can be expected in the near future. Balakrishnan views growth as an endogenous cumulative change and uses the ‘analytical growth narrative' methodology to study India's growth. He partitions the period since 1950 into three sub-periods — namely, 1950-64, 1965-91, and post-1991 — based partly on the policy regime in vogue and partly on the political configuration, since both evolved.
Moribund economy
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