THE diversity of the Indian economy and the wide range of development strategies that India has followed over the past six decades is an extremely valuable source of learning for researchers and policy makers around the world. Though literature is available on the patterns and determinants of economic growth at the national level, not enough research ahs been undertaken at the state level and this is what the book analyses since the different states experiment with alternative approaches to achieve sustained economic growth. The book thus studies the patterns of economic growth, investment flows, agriculture-industry nexus and income and convergence. The inter-linkages of the sectors and regions and the opportunities they create for raising the level of economic activities further are analysed in this book.
The empirical studies of Indian state economies have largely ignored the inter-dependence of agriculture and industry. The authors thus explore how this inter-relationship translates into a growth stimulus between the two sectors. The analysis looks at the growth experiences of the different states with respect to convergence of their growth rates, spill-over effects of growth of one state on the other.
The wide range of issues addressed in different chapters points to the heterogeneity of growth experiences of different states. While the state economies are bound by a national policy framework, many of the states are large enough to have built diverse economic bases. It is essential for the larger states to proceed on a path of high growth, so that the smaller states can build their own momentum of growth
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