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Diversity and Change in Modern IndiaEconomic, Social and Political Approaches$
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Anthony F. Heath and Roger Jeffery

Print publication date: 2010

Print ISBN-13: 9780197264515

Published to British Academy Scholarship Online: January 2012

DOI: 10.5871/bacad/9780197264515.001.0001

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Economic Resurgence, Lopsided Reform and Jobless Growth

Economic Resurgence, Lopsided Reform and Jobless Growth

(p.72) (p.73) 4 Economic Resurgence, Lopsided Reform and Jobless Growth
Diversity and Change in Modern India


British Academy

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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