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

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Constraints on Growth and Development

N Krishnaji Whatever Happened to Imperialism and Other Essays by Prabhat Patnaik; Tulika, New Delhi, 1995; pp 244, Rs 275. W H AT are the propsects for a rapid economic growth in India? Can we emulate the recent experience of some of the countries in East and South Asia in achieving sustained high rates of growth or are there constraints on the economy which will continue to operate as before and trap us for ever within the limits of the so-called Hindu rate of growth? Is there an alternative strategy of development lor the progressive reduction of poverty, ignorance and disease, an alternative to the current politics of structural adjustment, liberalisation and so on that seem to hold promise because they are supposed to have 'worked' in other countries?

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