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Economic Growth in IndiaHistory and Prospect$
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Pulapre Balakrishnan

Print publication date: 2010

Print ISBN-13: 9780198065470

Published to Oxford Scholarship Online: October 2012

DOI: 10.1093/acprof:oso/9780198065470.001.0001

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Second Wind, 1965–91

Second Wind, 1965–91

Chapter:
(p.100) 3 Second Wind, 1965–91
Source:
Economic Growth in India
Author(s):

Pulapre Balakrishnan

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780198065470.003.0003

This chapter examines the economic growth in India for the period 1950–64. What is distinctive about this period is that while the policy regime had remained more or less unchanged, the rate of growth of the economy accelerated. Economic growth is explained in terms of the wider impact of the Green Revolution. Initiated with renewed vigour in the mid-1960s, this intervention not only increased the rate of growth of agriculture, notably food production, but energized the rest of the economy via forward and backward linkages. This account was validated in an econometric investigation of inter-sectoral growth relations prior to and inclusive of the transition date.

Keywords:   India, economic growth, economic policy, Green Revolution

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