000			01427pab a2200193 454500
008			180718b2006 xxu||||| |||| 00| 0 eng d
100			_aSindhu, Jasleen
245			_aIndia's growth performance: the enigmatic decade of the eighties
260			_c2006
300			_ap.7-24.
362			_aOct-Dec
520			_aIndia's economic growth rate that averaged around 3 per cent per annum over the three decades (1950 to 1979) witnessed a remarkable upturn in the 1980s. During the 80s, India's economy grew by almost 5.4 per cent per annum. This impressive performance was accompanied by reforms aimed at relaxation of state controls over trade and industrial investment. the reasons for the turnaround though are the subject of intense debate and controversy. Should the turnaround be ascribed to liberalisation? Or was it in the main due to Keynesian type demand augmenting policies that also accompanied the reforms. A novel explanation for the turnaround is that it was neither due to the Keynesian policies nor to the economic reforms, but was due to changes in attitudes towards business on the part of the policy makers. This paper reviews and analyses these controversies and provides an explanation for the growth in the 80s. - Reproduced.
650			_aEconomic growth - India
650			_aEconomic growth
700			_aBalasubramanyam, V.N.
773			_aIndian Economic Journal
908			_aN
909			_a78968
999			_c78968 _d78968