Growth plus Development, or Indian Experience of Economic Reforms

DOI: 10.20542/0131-2227-2010-10-91-98

A. Volodin, Institute of World Economy and International Relations, Russian Academy of Sciences (IMEMO), 23, Profsoyuznaya Str., Moscow, 117997, Russian Federation (

Abstract. The development philosophy in India has always attached prime significance to large-scale participation of Indians in modern economic and political processes, to their fullest openness and transparency. It included deconcentration of economic power, diversification of political authority sources, creation of additional value improvement incentives by means of small commodity mode development, productive forces system improvement in lower segments of society. Every historical period of India's economic development is thoroughly examined.

Keywords: India, reform, development, economic growth, Manmohan Singh, state interventionism, import substitution, “Nehru Line” 

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For citation:
Volodin A. Growth plus Development, or Indian Experience of Economic Reforms. World Eonomy and International Relations, 2010, no. 10, pp. 91-98.

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