Book contents
- Relocating Development Economics
- Historical Perspectives on Modern Economics
- Relocating Development Economics
- Copyright page
- Dedication
- Contents
- Figures
- Tables
- Acknowledgements
- 1 Introduction: Relocating Development Economics
- 1 The Context
- 2 The Beginnings of Indian Economics
- 3 Stages of Civilisation
- 4 Regress
- 5 Developing Balanced Growth at Home
- 6 A Global Win–Win Model for Development
- Epilogue: Multiple Definitions of Progress and Development
- References
- Annex I Archival Sources – Major Works of the First Generation of Modern Indian Economists, 1870–1905
- Index
- Other Books in the Series (continued from page ii)
5 - Developing Balanced Growth at Home
Published online by Cambridge University Press: 05 December 2024
- Relocating Development Economics
- Historical Perspectives on Modern Economics
- Relocating Development Economics
- Copyright page
- Dedication
- Contents
- Figures
- Tables
- Acknowledgements
- 1 Introduction: Relocating Development Economics
- 1 The Context
- 2 The Beginnings of Indian Economics
- 3 Stages of Civilisation
- 4 Regress
- 5 Developing Balanced Growth at Home
- 6 A Global Win–Win Model for Development
- Epilogue: Multiple Definitions of Progress and Development
- References
- Annex I Archival Sources – Major Works of the First Generation of Modern Indian Economists, 1870–1905
- Index
- Other Books in the Series (continued from page ii)
Summary
Indian Economics’ short-term development plan aimed to harness progress in the two main sectors of the economy – industry and agriculture. The peasants, factory workers and merchants needed specific policies to aid them in growing their crops, manufacturing their products and selling their goods, respectively. India needed agricultural production of raw materials, industrial production using raw materials, and distribution of the finished manufactured products. Indian Economics prescribed a balanced growth strategy, seen later in India’s post-independence five-year plans, the first of which was implemented by Jawaharlal Nehru (1889–1964) from 1951 to 1956.
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- Chapter
- Information
- Relocating Development EconomicsThe First Generation of Modern Indian Economists, pp. 102 - 129Publisher: Cambridge University PressPrint publication year: 2024