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

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Increase in India s Growth Rate

Increase in India's Growth Rate R Nagaraj BHARGAVA AND JOSHI [1990] (hereafter B-J) have offered a tentative explanation for the improved growth rate of India's GDP since 1975-76 (or 1980-81), mainly based on their evidence of an increase in the growth rate of domestic output' originating in the private sector relative to that in the public sector. We propose to subject the empirical basis of the foregoing inference to a close scrutiny in Section I. In Section II, a renewed attempt is made at comparing the growth rates of GDP public and private sectors (and changes in them) to reassess the validity of B-J's results. Though the authors have drawn some far-reaching implications of the recent policy changes on India's recent maeroeconomic performance based on apparently limited evidence, our re-examination is restricted to their finding of an increase in the growth rate of GDP originating in private sector compared to that of public sector.

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