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The Economic History of India, 1857-2010$
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Tirthankar Roy

Print publication date: 2020

Print ISBN-13: 9780190128296

Published to Oxford Scholarship Online: October 2020

DOI: 10.1093/oso/9780190128296.001.0001

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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: 23 October 2021

Indian Economy after Independence

Indian Economy after Independence

(p.317) 13 Indian Economy after Independence
The Economic History of India, 1857-2010

Tirthankar Roy

Oxford University Press

Chapter 13 surveys economic change and shifts in the political context of economic change in the Indian Union, 1950–2010. Based on the survey, the chapter answers three larger questions. First, why was economic growth relatively low in the first 35 years after the end of colonialism, and why was there a turnaround in the pace of economic change in the 1980s? Second, why did human development lag achievements in income growth after the turnaround? If the quality of life failed to improve enough, then a third question follows, why did the democratic political system survive at all if it did not fairly distribute the benefits from growth?

Keywords:   India, economic development, import-substituting industrialization, land reform, green revolution, liberalization, colonialism, nationalism, public goods, inequality

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