Corpus ID: 211115795

Revisiting India’s Growth Transitions

@inproceedings{Basu2020RevisitingIG,
  title={Revisiting India’s Growth Transitions},
  author={D. Basu},
  year={2020}
}
  • D. Basu
  • Published 2020
  • Political Science
This paper reconsiders two questions relating to India’s economic growth: structural breaks in growth and the impact of equipment investment on aggregate economic growth. First, statistical tests of structural change show that economic growth in post-independence India has witnessed four structural breaks: in 1964-65, in 1978-79, in 1990-91, and in 2004-05. However, substantial growth accelerations, i.e. increase of more than 1.0% per annum in the growth rate of per capita real GDP, occurred… Expand

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