Reform and the Structure of the Indian Economy - Output-Value Added Symbiosis

Studies pitfalls in value added accounting of sectoral growth in real terms in the context of liberalisation of the Indian economy.

List of contents

List of tables and figures; 1. The take-off; 2. Growth and structural change since 1978-9: issues in measurement; 3. Sectoral shares in Indian GDP: how to regard it?; 4. Sectoral growth: GVA - output dichotomy; 5. Manufacturing sector in the Indian economy: paradox of growth and stagnation; 6. Growth and sectoral GVA adjustments; 7. Growth of intermediate services; 8. Linkages and key sectors in the Indian economy; 9. Conclusion: a perspective of Indian economic growth; References; Index.

About the author

Madhusudan Datta is Professor of Economics at Kalyani University, India, and teaches macroeconomics and mathematics-for-economists at the undergraduate and postgraduate levels. He has been ICSSR Senior Research Fellow and works on structural change, productivity studies, national accounts, economics of the tertiary sector, and measurement issues.

Summary

As the growth rate of the economy accelerated, economists observed that growth of value added came mostly from the service sector. Can the service sector maintain the momentum if manufacturing fails to get charged up in spite of all reforms aimed at this objective? The book studies this question in depth.

Product details

• Authors: Madhusudan Datta, Datta Madhusudan Datta
• Publisher: Cambridge University Press ELT
• Languages: English
• Product format: Hardback
• Released: 31.05.2020
• EAN: 9781108496377
• ISBN: 978-1-108-49637-7
• No. of pages: 190
• Subjects: Social sciences, law, business > Business > Management; Economics, Asia, BUSINESS & ECONOMICS / Economics / General, BUSINESS & ECONOMICS / Economic History, POLITICAL SCIENCE / Political Economy, BUSINESS & ECONOMICS / Economics / Microeconomics, BUSINESS & ECONOMICS / Development / Economic Development, India, Economic history, economic growth, Political Economy, Economic systems and structures, Economic systems & structures, Development economics & emerging economies, Microeconomics, Indian sub-continent, South Asia (Indian sub-continent), Development economics and emerging economies