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The Acceleration of Indian Economic Growth
J. Bradford DeLong
- 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
This document: http://www.j-bradford-delong.net/TotW/g25.html