We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

Stagnation in India (1965 To 1980) Was Due To Sharp Reductions in Public Investments in the Mid-1960s - Essay Example

Comments (0)
‘Stagnation In India (1965 To 1980) Was Due To Sharp Reductions In Public Investment In The Mid-1960s. The Solution Was Therefore Simple; The Government Should Have Increased Public Investment.’ Discuss. Table of Contents Overview 3 Indian Economy since Independence and During the Period of Stagnation 4 Factors Leading To The Slow Growth Of Indian Economy 5 India’s Macro Economic and Political Economic Scenario During The Period 1964-1991 6 Features of Growth and Structural Transformation in Indian Industry 7 Liberalization, Hindu Nationalism and Popular Democracy in Indian Economy 9 India’s Growing Crisis of Governability 10 Growth In Indian Economy Since Independence 12 India Experi…
Download full paper
Stagnation in India (1965 To 1980) Was Due To Sharp Reductions in Public Investments in the Mid-1960s
Read TextPreview

Extract of sample
Stagnation in India (1965 To 1980) Was Due To Sharp Reductions in Public Investments in the Mid-1960s

Download file to see previous pages... The period of mid-1960s as well as early 1970s has been found to be facing numerous economic problems. The reasons behind such problems stemmed from the fact that since India faced wars with its neighboring countries, huge amount of resources were spend towards defense which reduced the amount of public investment, thus significantly affecting the growth of India. The other reason behind the stagnation was the issues related to foreign exchange situation that forced the country to devalue its currency in the year 1966. The production of the food was insufficient because of the rising demand and therefore it became necessary for India to import the food items from other countries (FAO, “India”). It was observed that there was decline in the growth rate of public investment which can be identified as one of the significant factors in the decline of the industrial growth rate after the mid-1960s. The paper tries to identify the state of economy of India during the period of 1965-1980. It will review the impacts of low public investment in the mid-1960s on India and the steps taken by the political leaders to combat the problems (Sridharan, E., “The Political Economy Of Industrial Promotion: Indian, Brazilian, And Korean Electronics In Comparative Perspective 1969-1994”). Indian Economy since Independence and During the Period of Stagnation The main question that arises is related to the performance of India since 1947, the year of its independence. It has been believed that the economy of India was stuck from the times of independence; during that period ‘Hindu rate of growth’ was nearly 3.5% per annum. The period of seventies was commonly referred to as ‘Hindu rate of growth period’. It was revealed that the reason behind the decline in the gross domestic product (GDP) growth during the period of sixties have been due to sharp decline in the growth of agriculture from the middle of sixties. After Green Revolution was introduced, there were important changes in the growth possibility of agriculture. During the period of 1965-1980, the policies were generated as a result of immediate crisis in the economy of India as well as political suitability rather than by economic logic. It has been observed that this period saw disconnectedness in the policies and the procedures of the government. It was found that various strategies adopted by the country for the purpose of the development of the nation failed miserably before the reforms of the nineties. The three components such as too much controls and inward-looking policies as well as substantial and inefficient public sector suppressed the growth during the seventies and to a certain extent in the eighties as well (Virmani, “India’s Economic Growth: From Socialist Rate of Growth to Bharatiya Rate of Growth”). The decline in the growth rate of industries in the economy of India during the sixties has been characterized as provisional downward deviation in relation to trend. However, in the present times, the scenarios are being reflected as long-run tendencies leading to stagnation ...Download file to see next pagesRead More
Comments (0)
Click to create a comment or rate a document
It generally refers to the set of religious beliefs and customs that have evolved over the centuries and have attained recognition in the Indian culture. Although the beliefs and teaching have evolved over the years, Hinduism is still founded upon nature and on the belief in the existence of gods (Griffin, 1).
4 Pages(1000 words)Essay
One of the key features of globalization is the interaction of people from different backgrounds having diverse cultures, beliefs, traditions and values. People differ in many aspects like age, gender, ethnic group, skills, ideas, religion etc. These differences influence the way they behave, make decisions, and organize work and how they communicate.
9 Pages(2250 words)Essay
Investments Essay
Financial assets such as fixed deposits with banks, small saving instruments with post offices, insurance/provident/pension fund etc. or securities market related instruments like shares, bonds, debentures etc. The first principle is safety. A safe investment is one, which offers reasonable protection against the risk of capital loss.
18 Pages(4500 words)Essay
Core Competence of Sharp Corporation
Prahlad and Hamel have already documented in their 1990-article in Harvard Business Review that in technology-intensive companies, core competencies were largely responsible for their successful performance by concentrating on their technological capabilities.
12 Pages(3000 words)Essay
Sharp Corporation
It also produces PCs, printers, microwave ovens, cash registers, CMOS etc as well as a variety of appliances, such as air purifiers and air conditioners, calculators, fax machines, refrigerators, and vacuum cleaners. It is one of the world's largest manufacturers of photovoltaic solar cells.
8 Pages(2000 words)Essay
With nearly 1 billion citizens, India is the second most populous nation in the world. It is impossible to speak of any one Indian culture; although there are deep cultural continuities that tie its people together. Few countries in the world have such an ancient and diverse culture as India's.
5 Pages(1250 words)Essay
rs of the Indus Valley expressed versatility of knowledge in mathematics, engineering, writing, sculpture, painting, architecture, government, and even industrial works. One key factor may be drawn from the attributes of the inhabitants such as the Aryans who drove the
2 Pages(500 words)Essay
International Investments
The Indian stock market has been in existence for 135 years, and I believe it has stayed in the industry for so long because of the trust and confidence of investors.
2 Pages(500 words)Essay
e drawn from ancient civilisations, and this is important since the contemporary society can learn from the way that ancient civilisations were managed, and consequently modify and implement these gains for the benefit of all. To this end, India has a rich history that holds
5 Pages(1250 words)Essay
Structural Stagnation Dilemma
However, this was unlike a typical downturn in that even when the government decided to run the famous expansionary demand-side macro policy, the economy showed no signs of recovering. If the recession had been the cause of the downturn in economic activities, arguably, the
2 Pages(500 words)Essay
Let us find you another Essay on topic Stagnation in India (1965 To 1980) Was Due To Sharp Reductions in Public Investments in the Mid-1960s for FREE!
Contact us:
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us