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Economic Development in India.

15675. Economic Development in India.

This paper presents a brief overview and analysis of economic growth and development in India over the past four decades. Encompassing an overview of India's political/economic history and a summary of current economic conditions, the analysis considers the sources of growth, the resources for growth, the process of economic growth and structural change as it has occurred in India, and the relationship between human capital and economic development in India. The extent to which economic models - specifically the Harrod-Domar and Lewis's dual sector model of development ("trickle down") explain the pattern found in India is considered. A concluding section considers India's prospects for future growth. 19 pages, 31 footnotes, 14 bibliographic sources.

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