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The Acceleration of Indian Economic Growth

J. Bradford DeLong

April 2001

  • The acceleration of Indian economic growth since the early 1980s has been extraordinary.
  • In the 1960s and 1970s it seemed that it would take more than sixty years for India's output per capita to double.
  • At today's pace of growth, Indian GDP per capita is on track to double every sixteen years.
  • The acceleration of growth seems traceable to economic reforms carried out under Rajiv Gandhi's administration in the mid-1980s: the freeing-up of capital goods imports, and the rollback of licensing.
  • Subsequent waves of "neoliberal" reform have surely kept the ball rolling, and the Indian economy growing.

Professor of Economics J. Bradford DeLong, 601 Evans Hall, #3880
University of California at Berkeley
Berkeley, CA 94720-3880
(510) 643-4027 phone (510) 642-6615 fax

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