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http://ssrn.com/abstract=883073
 
 

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India's Patterns of Development: What Happened, What Follows


Kalpana Kochhar


International Monetary Fund (IMF)

Utsav Kumar


Asian Development Bank

Raghuram G. Rajan


University of Chicago - Booth School of Business; International Monetary Fund (IMF); National Bureau of Economic Research (NBER)

Arvind Subramanian


International Monetary Fund (IMF); Center for Global Development

Ioannis Tokatlidis


International Monetary Fund (IMF)

February 2006

NBER Working Paper No. w12023

Abstract:     
India seems to have followed an idiosyncratic pattern of development, certainly compared to other fast-growing Asian economies. While the emphasis on services rather than manufacturing has been widely noted, within manufacturing India has emphasized skill-intensive rather than labor-intensive manufacturing, and industries with typically higher average scale. We show that some of these distinctive patterns existed even prior to the beginning of economic reforms in the 1980s, and argue they stem from the idiosyncratic policies adopted soon after India's independence. We then look to the future, using the growth of fast-moving Indian states as a guide. Despite recent reforms that have removed some of the policy impediments that might have sent India down its distinctive path, it appears unlikely that India will revert to the pattern followed by other countries.

Number of Pages in PDF File: 65

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Date posted: April 27, 2006  

Suggested Citation

Kochhar, Kalpana and Kumar, Utsav and Rajan, Raghuram G. and Subramanian, Arvind and Tokatlidis, Ioannis, India's Patterns of Development: What Happened, What Follows (February 2006). NBER Working Paper No. w12023. Available at SSRN: http://ssrn.com/abstract=883073

Contact Information

Kalpana Kochhar
International Monetary Fund (IMF) ( email )
700 19th Street NW
Washington, DC 20431
United States
Utsav Kumar
Asian Development Bank ( email )
6 ADB Avenue
Central and West Asia Department
Mandaluyong City
Philippines
HOME PAGE: http://works.bepress.com/kumarutsav/
Raghuram G. Rajan (Contact Author)
University of Chicago - Booth School of Business ( email )
5807 S. Woodlawn Avenue
Chicago, IL 60637
United States
773-702-4437 (Phone)
773-702-0458 (Fax)
International Monetary Fund (IMF) ( email )
700 19th Street NW
Washington, DC 20431
United States
National Bureau of Economic Research (NBER)
1050 Massachusetts Avenue
Cambridge, MA 02138
United States
773-702-9299 (Phone)
773-702-0458 (Fax)
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
Ioannis Tokatlidis
International Monetary Fund (IMF) ( email )
700 19th Street NW
Washington, DC 20431
United States
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