India's recent economic growth: some limits and limitations
- 2005
- p.3249-252.
- 23 Jul
India's recent growth episode is strikingly different than earlier in terms of magnitude and sectoral pattern, as well as the sources of growth. However, viewed from a long-term perspective, growth seems to have acquired an unwavering rate in the last two decades. This is an outcome of the weakening of inter-sectoral linkages, which impose constraints on sectoral growth in the short run and on overall growth eventually. There is a need to look `inward' at the sectors and mutually reinforce their dependence to foster employment and output growth. - Reproduced.