Stagnation and a Nascent Recovery: The Growth Episode of 1950–1992

@inproceedings{Kar2016StagnationAA,
  title={Stagnation and a Nascent Recovery: The Growth Episode of 1950–1992},
  author={S. Kar and K. Sen},
  year={2016}
}
This chapter analyses the first growth episode, running from the 1950s to 1992. It shows that in terms of various indicators, this long episode was mostly characterized by economic stagnation, with a nascent recovery in the last decade, that is, the eighties. In the political space, this long period saw an evolution from a dominant party system to minority governments and more political contestations. For most of the episode, the predominant position of the Congress party coupled with its… Expand

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