ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
-A A +A

Keynesian Economics and the Indian Economy

Keynesian Economics and the Indian Economy L K Jha AT a time when there is a growing tendency among economists to have recourse to modish mathematics, it is with real pleasure that one reads A K Dasgupta's piece on 'Keynesian Economics and LDCs' (EPW, September 19) in which the author makes his points in plain, persuasive prose. What prompts this comment is that I thought I should put down some of my own thoughts on the role of demand in a country like India Both Dasgupta and V K R V Rao belong to a generation which had already achieved academic renown when Keynes propounded his General Theory, while I was an impressionable undergraduate in Cambridge listening to lectures in which he propounded his ideas before they came out in print Later, when I got in volved in the shaping and administration of India's economic policies, time and again, I asked myself the question to which Dasgupta has addressed himself: What is the relevance of the Keynesian approach in a country like India? Could the Indian economy be pulled out of its state of chronic

Subscribers please login to access full text of the article.

New 3 Month Subscription
to Digital Archives at

826for India

$50for overseas users

Get instant access to the complete EPW archives

Subscribe now


(-) Hide

EPW looks forward to your comments. Please note that comments are moderated as per our comments policy. They may take some time to appear. A comment, if suitable, may be selected for publication in the Letters pages of EPW.

Back to Top