Some explorations into India's post-independence growth process, 1950-51-2002/03: The demand side
By: Mohanty, Mritunjoy.
Contributor(s): Reddy, V.N.
Material type:
ArticlePublisher: 2010Description: p.47-58.Subject(s): Economic growth - India | Economic growth
In:
Economic and Political WeeklySummary: Aggregate demand growth in India during 1950-51 to 2002-03 has been consumption-driven at the margin, with the relative contribution of consumption having risen in the high growth phase covering the period 1980-81 to 2002-03. In this phase, consumption growth accelerated and the gap between rates of growth of investment and consumption narrowed substantially. Further, in this high growth phase, aggregate demand growth was consumption-driven not because of increases in the private final consumption expenditure ratio but because of increases in the government final consumption expenditure ratio. - Reproduced.
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Articles
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Indian Institute of Public Administration | Volume no: 45, Issue no: 41 | Available | AR89715 |
Aggregate demand growth in India during 1950-51 to 2002-03 has been consumption-driven at the margin, with the relative contribution of consumption having risen in the high growth phase covering the period 1980-81 to 2002-03. In this phase, consumption growth accelerated and the gap between rates of growth of investment and consumption narrowed substantially. Further, in this high growth phase, aggregate demand growth was consumption-driven not because of increases in the private final consumption expenditure ratio but because of increases in the government final consumption expenditure ratio. - Reproduced.
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