This book is an empirical study of economic growth in India over the period of 1960-2004. First chapter provides robust and reproducible period-wise growth estimates for India. Detailed growth accounting shows that without accounting for human capital, total factor productivity (TFP)differences over time account for 48% to 69% of the output variation. If we include the role of education, TFP growth accounts for 35% to 70% of the total GDP growth between 1960 and 2004. Chapter 2 calculates a large set of productivity growth estimates using the Annual Survey of Industries data. The results show...
This book is an empirical study of economic growth in India over the period of 1960-2004. First chapter provides robust and reproducible period-wise g...