Economic Resurgence, Lopsided Reform and Jobless Growth
Economic Resurgence, Lopsided Reform and Jobless Growth
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
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