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Introduction to Volume I and India’s Gross Domestic Product over the Long Run

  • Raghbendra Jha
Chapter

Abstract

This chapter begins with a discussion of the most important indicator of economic performance—gross domestic product (GDP), first examining historical data related to India’s share of world trade and rate of growth of real GDP. Next, the performance of Indian GDP under British rule is explored, and a quick snapshot of the country’s economy at the time of independence is provided, before the basic characteristics of India’s GDP since independence are laid out. Regional inequality in India and India’s share of international trade in GDP are compared with those of other countries/country groupings. Finally, a brief description of the behavior of savings, investment and productivity in recent years is provided.

Keywords

Gross domestic product (GDP) Long run Regional inequality in India Share of international trade in GDP 

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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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