Building a Sustainable Political Economy: SPERI Research & Policy

The Political Economy of India's Growth Episodes

Authors: Kar, Sabyasachi, Sen, Kunal

  • Provides an unconventional reading of India's growth experience since independence
  • Deals in particular with the political economy and institutional factors that have hitherto been neglected in scholarship
  • Presents analytical structure for understanding different categories of state-business relations and their implications for growth
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eBook 41,64 €
price for Spain (gross)
  • ISBN 978-1-352-00026-9
  • Digitally watermarked, DRM-free
  • Included format: EPUB, PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover 51,99 €
price for Spain (gross)
  • ISBN 978-1-352-00025-2
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
  • The final prices may differ from the prices shown due to specifics of VAT rules
About this book

‘This book is different from most other attempts to understand the politics of Indian economic development. Breaking down the last 65+ years of Indian development into several episodes of growth, it provides a rich set of insights into the political economy of the Indian development process and is a valuable addition to the literature.’ –Pranab Bardham, University of California, Berkeley, USA

‘Sustained economic growth in the world's largest democracy is critically important to human well-being, but the ups and downs of growth in India are not well-understood. This book provides a fresh and insightful approach to understanding what drives the starts of booms and the onset of slowdowns.’ –Lant Pritchett, Harvard University, USA

 ‘This is a little book with big arguments. The authors' explanation of the changing character of the deals done between political and business elites makes for the most original contribution to studies of the political economy of Indian development since Pranab Bardhan's seminal work of the early 1980s’ –John Harriss, Simon Fraser University, Vancouver, Canada

This book moves beyond the usual economic analysis of the Indian growth story and provides a fresh perspective on the determinants of growth episodes in post-independence India, based on its political economy. Using a robust and novel technique, the authors identify four such episodes during this period. The first, running from the 1950s to 1992, was mostly characterized by economic stagnation, with a nascent recovery in the eighties. The second, covering the period 1993 to 2001, witnessed the first growth acceleration in the economy. A second acceleration ran from 2002 to 2010. The fourth and final episode started with the slowdown in 2010 and continues to this day. The book provides a theoretical framework that focuses on rent-structures, institutions and the polity, and demonstrates how changes in these can explain the four growth episodes. Kar and Sen argue that the transitions from one growth episode to another can be explained by the bi-directional relationship between growth outcomes and institutional arrangements, and by the manner in which institutional arrangements and their transitions are determined by the political bargains struck between the elite groups in Indian society.

About the authors

Sabyasachi Kar is Associate Professor at the Institute of Economic Growth, India, and Honorary Research Fellow at the University of Manchester, UK. He has published a number of books and academic articles on macroeconomics, growth and development economics. He is Associate Editor for the Indian Growth and Development Review.

Kunal Sen is Professor of Development Economics at the Global Development Institute, University of Manchester, UK, and Joint Research Director at the Effective States and Inclusive Development (ESID) Research Centre. He won the Sanjaya Lall Prize in 2006, and the Dudley Seers Prize in 2003.

Table of contents (7 chapters)

  • A Political Economy Reading of India’s Growth Experience

    Kar, Sabyasachi (et al.)

    Pages 1-15

    Preview Buy Chapter 30,19 €
  • A Political Economy Theory of Growth Episodes

    Kar, Sabyasachi (et al.)

    Pages 17-28

    Preview Buy Chapter 30,19 €
  • Stagnation and a Nascent Recovery: The Growth Episode of 1950–1992

    Kar, Sabyasachi (et al.)

    Pages 29-43

    Preview Buy Chapter 30,19 €
  • Onset of High Growth: The Growth Episode of 1993–2001

    Kar, Sabyasachi (et al.)

    Pages 45-56

    Preview Buy Chapter 30,19 €
  • Rapid Growth and Limited Structural Transformation: The Growth Episode of 2002–2010

    Kar, Sabyasachi (et al.)

    Pages 57-76

    Preview Buy Chapter 30,19 €

Buy this book

eBook 41,64 €
price for Spain (gross)
  • ISBN 978-1-352-00026-9
  • Digitally watermarked, DRM-free
  • Included format: EPUB, PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover 51,99 €
price for Spain (gross)
  • ISBN 978-1-352-00025-2
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
  • The final prices may differ from the prices shown due to specifics of VAT rules

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Bibliographic Information

Bibliographic Information
Book Title
The Political Economy of India's Growth Episodes
Authors
Series Title
Building a Sustainable Political Economy: SPERI Research & Policy
Copyright
2016
Publisher
Palgrave Macmillan UK
Copyright Holder
The Editor(s) (if applicable) and The Author(s)
eBook ISBN
978-1-352-00026-9
DOI
10.1057/978-1-352-00026-9
Hardcover ISBN
978-1-352-00025-2
Edition Number
1
Number of Pages
XII, 105
Number of Illustrations and Tables
2 illustrations in colour
Topics