The Sources of Econmic Growth in India: 1950-1 to 1999-2000 - Hardcover

Sivasubramonian, S

Hardcover

ISBN 10: 0195666011 ISBN 13: 9780195666014

Publisher: OUP India, 2003

Synopsis

S Sivasubramonian has long been regarded as the foremost authority on national income estimation and analysis in India. The National Income of India in the Twentieth Century (OUP 2000) was the first book of its kind to present national income estimates for the entire period from 1900 to 2000. THis book, identifying the sources and triggers of economic growth in India between 1951 and 2000, is a result of the interpretative work that Sivasubramonian undertook using the growth accounting approach first developed by Edward Denison for USA. Using the same measure of output as earlier, he presents detailed evidence on and causal analysis of factors affecting growth of output. Specifically, the book discusses: BL estimates of the growth of employment by age and sex, and by level of education in different sectors of the economy BL new estimates of key components of gross and net fixed capital stock and inventories, and shows how they differ from official estimates. BL changes in the cultivated area providing weights to add together the different inputs in order to derive a measure of total factor productivity which gives a measure of the rate of technical progress BL growth accounts which also show the impact of foreign trade, structural change in output and inputs, changing energy inputs, and the effect of weather fluctuations on agricultural performance. The transformation of the Indian economy from a state of near stagnation during the first half of the twentieth century under colonial rule to one of moderate to rapid growth in the second half following independence and the era of planned economic development has evoked much interest and attention. India is now the world's fourth largest economy and there are very few countries which can match its income growth in real terms per head of population over the past decade. The result of immense and meticulous research underpinned by a lifetime of experience in this field, this book will remain a bas ic reference text for many years. It provides a coherent statistical framework for the Indian economy, which will be of fundamental importance for economists and economic historians who want to study India's performance in historical perspective. The transformation of the Indian economy from a state of near stagnation during the first half of the twentieth century under colonial rule to one of moderate to rapid growth in the second half following independence in 1947 and the era of planned economic development has evoked much interest and attention. This volume contains detailed empirical data on the sources of economic growth in the country for the fifty years since independence. It analyses growth in GDP and factor inputs (labour, capital and land), presenting: annual data and growth rates for selected periods smoothened data for long term analysis of growth rates disaggregated GDP by sectors contributions of various sectors to overall growth. This is an invaluable compilati on of very useful data for researchers and policy-makers.

About this edition

• Publisher: OUP India
• Publication date: 2003
• ISBN 10: 0195666011
• ISBN 13: 9780195666014
• Binding: Hardcover
• Number of pages: 376