Understanding the drivers and inhibitors of economic growth is critical for promoting development in less developed countries, including India. This book examines economic growth in India from 1951 to the present, challenging many accepted orthodox views. It argues that growth and stagnation should be considered over the medium term, and that the precise role of the state - in relation to particular historical and political-economic circumstances - is more important than the overall level of state involvement or disengagement. The book uses an empirical approach to contend that the state...