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Economic Growth, 1951–2012

  • Aalok Ranjan ChaurasiaEmail author
Chapter

Abstract

This chapter analyses the growth of the Indian economy during the period 1950–1951 through 2011–2012 in the context of 11 Five-year Development Plans that the country had since independence. The analysis reveals that the acceleration in the growth of the economy has not been consistent during the period under reference so that the contribution of the growth acceleration to the growth of the real output of the economy has at best been marginal relative to the contribution of the increase in the size of the economy, or the momentum effects of economic growth. Moreover, population growth has been a big contributor to the economic growth. If the growth in the real output attributed to the increase in the population is excluded, then the growth of the real output of the economy has been highly sedate.

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Copyright information

© Springer Nature Singapore Pte Ltd. 2020

Authors and Affiliations

  1. 1.MLC Foundation and ‘Shyam’ InstituteBhopalIndia

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