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India's Growth Narrative: Performance and Potential (1951-52 to 2050-51)

India's Growth Narrative: Performance and Potential (1951-52 to 2050-51)

Paperback

Business GeneralGeneral Political Science

ISBN10: 8126943815
ISBN13: 9788126943814
Publisher: Atlantic
Published: Jun 10 2026
Pages: 290
Weight: 1.00
Height: 0.79 Width: 5.50 Depth: 8.50
Language: English

Dividing India's growth experience into distinct phases, India's Growth Narrative: Performance and Potential (1951-52 to 2050-51) argues that the lowest average growth of 3.5% during the late 60s and early 70s, which has often mistakenly been referred to as the 'Hindu Growth Rate' belongs to a socialist pattern phase of growth which was preceded by a colonial legacy phase. Subsequently, the Indian economy transitioned from a mixed economy phase to first reform, accelerating growth and global crises phases. Prospectively, India is projected to reach a stable growth of about 7.0%, which is more appropriately referred to as the 'Hindu Growth Rate' as it is consistent with saving and investment rates prescribed in India's ancient texts. After providing a phase-wise overview of the evolution of fiscal, monetary, financial and external sector policies, this book projects India's growth up to 2050-51. It shows how, within 100 years of the inception of the Constitution, India is slated to regain its past economic glory, reaching a Viksit status in a modern global economy.

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Srivastava, D. K.

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Business General