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The Political Economy of Economic Policymaking in India

  • Raghbendra Jha
Chapter

Abstract

This chapter is an account of economic policymaking in India since independence under various prime ministers from the first, Jawaharlal Nehru, to the current incumbent, Narendra Modi. It begins with an account of the strategy of planned economic development, import substitution, inward-looking policy and relative neglect of agriculture. India’s attempts to meet its various serious challenges are summarized, and the performance of the economy through the period is traced. The various economic reforms that have been carried out are described, and India’s recent emergence as a major economic power is explored.

Keywords

Prime ministers of India Central planning Feldman–Mahalanobis model Food crisis Economic reforms 

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Copyright information

© The Author(s) 2018

Authors and Affiliations

  • Raghbendra Jha
    • 1
  1. 1.Arndt-Corden Department of EconomicsAustralian National UniversityActonAustralia

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