TY  - JOUR
AU  - Kochhar,Kalpana
AU  - Kumar,Utsav
AU  - Rajan,Raghuram
AU  - Subramanian,Arvind
TI  - India's Patterns of Development: What Happened, What Follows
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 12023
PY  - 2006
Y2  - February 2006
UR  - http://www.nber.org/papers/w12023
L1  - http://www.nber.org/papers/w12023.pdf
N1  - Author contact info:
Kalpana Kochhar
International Monetary Fund
E-Mail: kkochhar@imf.org

Utsav Kumar

Raghuram Rajan
Graduate School of Business
University of Chicago
5807 South Woodlawn Avenue
Chicago, IL 60637
Tel: 773/702-4437
Fax: 773/702-0458
E-Mail: rajan@chicagogsb.edu

Arvind Subramanian
International Monetary Fund
700 19th Street, N.W.
Washington, DC  20431
E-Mail: asubramanian@imf.org
AB  - India seems to have followed an idiosyncratic pattern of development, certainly compared to other fast-growing Asian economies. While the emphasis on services rather than manufacturing has been widely noted, within manufacturing India has emphasized skill-intensive rather than labor-intensive manufacturing, and industries with typically higher average scale. We show that some of these distinctive patterns existed even prior to the beginning of economic reforms in the 1980s, and argue they stem from the idiosyncratic policies adopted soon after India's independence. We then look to the future, using the growth of fast-moving Indian states as a guide. Despite recent reforms that have removed some of the policy impediments that might have sent India down its distinctive path, it appears unlikely that India will revert to the pattern followed by other countries.
ER  -