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From "Hindu Growth" to Productivity Surge: The Mystery of the Indian Growth Transition


Dani Rodrik


Harvard University - Harvard Kennedy School (HKS); Centre for Economic Policy Research (CEPR); National Bureau of Economic Research (NBER)

Arvind Subramanian


International Monetary Fund (IMF); Center for Global Development

March 2004

NBER Working Paper No. w10376

Abstract:     
Most conventional accounts of India's recent economic performance associate the pick-up in economic growth with the liberalization of 1991. This paper demonstrates that the transition to high growth occured around 1980, a full decade before economic liberalization. We investigate a number of hypotheses about the causes of this growth favorable external environment, fiscal stimulus, trade liberalization, internal liberalization, the green revolution, public investment and find them wanting. We argue that growth was triggered by an attitudinal shift on the part of the national government towards a pro-business (as opposed to pro-liberalization) approach. We provide some evidence that is consistent with this argument. We also find that registered manufacturing built up in previous decades played an important role in influencing the pattern of growth across the Indian states.

Number of Pages in PDF File: 47

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Date posted: March 30, 2004  

Suggested Citation

Rodrik, Dani and Subramanian, Arvind, From "Hindu Growth" to Productivity Surge: The Mystery of the Indian Growth Transition (March 2004). NBER Working Paper No. w10376. Available at SSRN: http://ssrn.com/abstract=519165

Contact Information

Dani Rodrik (Contact Author)
Harvard University - Harvard Kennedy School (HKS) ( email )
79 John F. Kennedy Street
Cambridge, MA 02138
United States
617-495-9454 (Phone)
617-496-5747 (Fax)
HOME PAGE: http://www.ksg.harvard.edu/rodrik/
Centre for Economic Policy Research (CEPR)
77 Bastwick Street
London, EC1V 3PZ
United Kingdom
National Bureau of Economic Research (NBER)
1050 Massachusetts Avenue
Cambridge, MA 02138
United States
Arvind Subramanian
International Monetary Fund (IMF) ( email )
700 19th Street NW
Washington, DC 20431
United States
Center for Global Development
2055 L St. NW
5th floor
Washington, DC 20036
United States
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