07 CONTRADICTIONS IN DEVELOPMENT: GROWTH AND CRISIS IN INDIAN ECONOMY Download

Beschreibung:

Since the pro-market reforms were launched, the
Indian economy has grown from 5% in the 1980s to around
10% in 2011 before slowing down dramatically to less than
half that rate in recent years. From launching of reforms until
2011, it did manifest some vivid and impressive signs of India
moving towards high growth and increase in living conditions
of its population. The purpose of this article is to access the
likely effects of the reform measures on economic growth and
poverty. Because the mainstream approach suggests that the
reforms can be expected to increase economic growth and
incomes. It seems that India’s growth has been led by the
services sector, which includes real estates, IT, telecommunications,
and banking, which contributes nearly 50% to the
GDP in 2012. Manufacturing, which experienced remarkable
growth and transformation in the East Asian economies, had
rather grown much slower. The agriculture sector, which still
employs nearly two-third of the India’s workforce, remains
stagnant. The study suggests that education and health have
been neglected in India and this will compromise productivity
and growth.
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Dateigröße:

631.1 KB

Dateiautor:

Kalim Siddiqui

Dateidatum:

09.01.2015