Jump to ContentJump to Main Navigation
International DevelopmentIdeas, Experience, and Prospects$
Users without a subscription are not able to see the full content.

Bruce Currie-Alder, Ravi Kanbur, David M. Malone, and Rohinton Medhora

Print publication date: 2014

Print ISBN-13: 9780199671656

Published to Oxford Scholarship Online: April 2014

DOI: 10.1093/acprof:oso/9780199671656.001.0001

Show Summary Details
Page of

PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 10 May 2021

India's Economic Development

India's Economic Development

(p.714) Chapter 42 India's Economic Development
International Development

Devesh Kapur

Oxford University Press

This chapter examines growth and structural change in the Indian economy since independence, focusing on the key drivers and critical junctures that led to changes in economic policies and their consequences for growth and distribution. It then analyzes three central puzzles of Indian economic development: (1) Why, despite a persistent policy and intellectual concern with poverty, has India's record on this score been modest, especially with regard to human capital indicators? (2) Why has India managed reasonably sound macroeconomic policies, in sharp contrast to its innumerable microeconomic inefficiencies? (3) What explains India's modest growth in the early decades after independence, under good governance, but much more rapid rates of growth in recent decades—second only to China among large economies—even as corruption has mushroomed? The chapter concludes with some observations on the Indian State and argues that the foremost challenge that India faces is strengthening public institutions and governance.

Keywords:   India, structural change, economic growth, poverty, governance, State, entrepreneurship

Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .