1ghment

nlion EconOmy ECM-4 O1

Subojtisd to!
Snitb by
4Vima SonKoa
a umVeAma
RoNo 9431ECOO3S HOD- tconomia)
DAV, PG COLLLGE
wolNo 420213
oy arasf- 221001,

Tont 3
Stucturel Chay.9
9 GDP-
Rscantly, Ruu has
rck in 9nchio's
dicugrion abou Tha trd
nuch Hllofk 2ao3, Rocbik
oGDP D Log 200i
yowlh Viramomi200; Snha
Shha and
Tejan 2o4].
Viramani 2 0ol4;
Ond
Cnd SuGmonjtn
2coy; acceloscooo the
cekanclodom

oth
rate Qc
augusd That
TLonga T ls o Ro
yofe olura
Hindurovilh
vacl Htonal inin thu.
th
o-198OR
ijil-1980Th
Thik
plos
taok ploa
Gondhid
pey 2owenn relom
rorm
a a tok
h
ec
e co
onno
omn ii
c c. attt
*nakar n
Aatid ith h (20a63)
he T e n t y t w a l l a k .

chith
whi h shitA in
hitin
oelhi On
ing
dning. Roi
Rejir Tdals

plate. Hr fo, a
dittonins
CCoromtlieel
o Cod
hovoka

9mlh ird h1980 wa

Concrntd,
shu
GDP owilh i detr fa th ral, wherus
icnt
 hs breok tn GN oith tokpa in 1987
Sthd a hilecoat bvk in ha ods., tonspee
n 1992 b
TIOMcqs. Ond Comimjcaljon 2rolh o
l allicaly
a e as
Recodany, tetD
Pamly Qnd
Ths evces Tanganye
"langanya
dapenea. Ond olkoe. Sv
aclninistsethion,

thal l owlh in
olh
lorg,, agus
2col). Co tuin, O, 1946.
BshmKeen
Umaalauola.
and
19805 wa ro olucnac
oscnsdo mm
noslal rsb
molalkg
1911 Ond 19 4, inkont ko Cootuay
o f o Crofun
I a inninq,
20S 36 Gt intand
m
om
23-8
23-8

expaedotin i
Ond 1.S1., h inolicalacd
Rom
zow Pgyes

Thia
32 1 ecoOmy, . VKRVV Rao yt
t
tn a bai hA peuiod a

economy
chonadeusd

Stohc Conn
in e GADP
Gnnual.
olhu hand. whik
whil
On Ondl
5 1 Ond
1951
19 8o,
19 80,
Lotwun
btwun

Ovenagts3.6 entive

nowilh 7.o
1-147
DP owth avrca
Capide t 19Soz, pRYCapita

pto Duain
4
F67
whrussrtAn
LrtwAon 19bo
196o
GHOP a venao
vencges hh Ons oop
137
 aphty in 1970-8o to 1-09 . Howee,i
ptomonta. o
On
On h exttplfonel, kao
gnores
N is motoyhaod
1979, Th Gveqa 2rovih th yetT
was
nol Onky
OLOund Tha
Thus,
1I50- 198
1I5o-138o
7DP dtnhy
owih pu Capik previou
thesnhed t was

priod Contivtoaly
hjhan
tendao aculoyar, olLe
hoilh
ao
1901-1950 poioc KalpAy
glow, mlika. t wa)
wa) ow, Gvougi
ow, venog
qntul tual outut gowth
Cpita wo imieont
Prr, bd Thi
OnyO7 in 1948-43,
01 hat heal betn achitao ollrn
altng
btThon Tk .
Th Ahaus, omonuotug
previo4 hal Cantuy.
o r 91 . in Cn pass. Rsal
inGDP inusasd to
fo thuesle.
Coolinad
mOnurtuny output per Capita qni)
ati tn h 1301-13H
3 zlgy belovr ie Ond
populatibn el» oith,
in spkoo immuch elbe Th
aay ba amuch
moe ImportontK, on
tehiay ARrtor
Aor
PeyCopitea
Terhiazy
yate oroih
Ovenage, to ba
ptryool 3-194b vos o
OLtpLt o
t 13So-198o ocacl-t,
T oth
037o
oul to L
 SO-198O
19
cleal that t perod
lo econowk. Ptroman
mpovemn

nolie, ond hst- thie prfoomane

PR- inlaphralanes. nd teaho
to tond ay
wa Chriven ho
QRmt
ra tsnt
Te
thi i ,
Ractos o p e r j o d 1 9 5 0 - 1 9 8 0
in Hha
economj Peoonanct
who
whot

om th tohl ovi
Sikenaius qulg. pumiztic. Hoo ths
hove bu, mhf b too
ahigm ina
Coulel
we t
Ho ziij
ntical quwtioo i -

in Ths 19SO%,
yelotive
ccud
tht
econOmc
owthpryonman

heva. xeurealin 1989,

o
at R Rppogod oh
brek
mod i jtont brak
Rhi m
th sge o mi
wou to jantity out t be
T OOn
n dous ik fum
prfomenta,
owih p o 1980g datt?
dai?
h no ruth pos
1980s

1180-8 Or
ROna mD Impovfom
I m p o r t ted
ared
9S1-S2, 06
Th Ripal mo
auumptibo Tka N 138o,
19 ay
My otnd mot In
b
reak in DP rol 1950Thit
olaims, bt
in Th ely
ordiA N
exidhg oth
19Sor
poA-19Sor
po
Prfonanea
b CuAha. paon
n
benas
ony woy but tho
pemoWa excph{onal
entaptonall
Th aitda
Lekor 1150 as
t mo
ocelinin eva
gtond Out a
Nehruvan eConomic. eponte
iihb ochjevemad otk nd
 bCaurt
CouR y uditd e i baround o
s r o n econom Thix k tks b
poornt o Namuvi@n
Tit Ol agutnd in Chtent
RAony
Oc/oli JoKa dizns Resn in th Cale
0PPtunites het hene minel
nCsPYecry
Th yeo
econOmC
onea
ha actual Ro oaK.
m
achimiita do not
9s0-198o, ths is zctarlicl twlhodoley
edetfcel tlhodslory
3ectionthef
The
T h
stnotred
wek yey enmlegamta
estionato
ad ho to in 19s1 Comot ud
olala hich
xtot dlafe Ruhyclelly
to entend th date
Obnou,
Obnow entd
ustioo.
ho nasdy fo Siyarusramenjan
Srijorubraooyan
G n
nawuw . otr Riconl
Pa/od
prt-jpdeprodtncs
bokwad n P-ondjon
(200) h publishocl Crol
Thegh ths pr-1947
1901 1999 -2do0 Compae SrtonT
Sertton
econom m entfel
nofentely,
Compaaba.
ota Ou Forl holapiyoknes ddka
oldka
The poxt 19So
hdspapobngs
fo P
pm rd
Gd Vtod
yelsed to
twiwR k s
the inain eopid'o indira
a t Ahl
bat
mox
Aigl max
oldt

Tuma
off uth date
d
g P n t n a 1 9 S I - 5 2

we do
dala, Thoegh
iitot bre at Por-195ar
hpoo1919SO
SeefidnIV ogtes
198or.
evduatad no Ony
oman m wb tho 139
hs 1990).
o,)
otawedss hih oilh rekrio
wh c o.
Cam
0menC
pomant
aloom sfordpowt eCondhmje

-ndupindgntuno Th
Ovuitw ma QConom peom@nt
durd poybd 130-1947. Th p1ayt m
 Improvem/al
Pojod
Poryod 9.SO-8o appoe7 TO be maj
n o to olery
1901- 1941 pnmands h
Ov

tha Oppooppo lhiy Was

195D- 1980. 13ut th oss mut ba wejghleo n

placa in Th Ccorsnme
Improver h Hcol
Tke. pre-holependen e. peyod. Olheiz
POmnta Ove

enceaiely
W
abous t Nehauvion Pod

npinca Firdiogs rom eeHonIL Subramanjan 2cou)>

pp
a brak dsa lh
ehon., terthg
Ond tut n
Jnvlh Ünvolws nlng eguahbn*
iaa Ia Llol
Welal typ
type tes
tos o
Thi
hupolkw h equelib, to olatnins tha
i
r Canta h ht sler
oint 9anehbn Cotoobg
K. usig
Songh
01C)
AY=u+ DU+Bf+ YD T+
+et

gien inKen David Gdpap

modiled modd
whe a i
 Ho ths null hugckiix IbolRo i no
zuetvel
H:0 Y=0
n i l th
Colhil yalus,
Jin Vogal o ths whol
cafa
clafa
Initjal b1ek detr i« 19 52, sing Te Weld
calclatea vra o
1e. 1901-2cooT
Rompls whutn th
eitfcox
to b 9-96,
ztohigtic tums Ou

cnk ik 1329.Sth
yalus at 5y, J v d o n ao) The
1947 andl 1365
hOmpk nol Th weu /oikrcontat
whiw
owhich
daltn, both
3npa. Crolnd 19
Ortnd 196S
1iicant brak Tka 8mpla 6s-

yeultrt
plitita
The
55-1 tobla-1
as prsool h

T ar Wald
Soma Lgth Dar Coneponlly
to Mex hald Stethes
Ysed) 3lehist
****
1901 - b5 194 s. S 3
1965 - 6o 1912
13 01 2 13 S 2

1312 bo 19 79 626
I SsS
13 1 1 9 19 S2
1913 ' 19 91 6546
19 91 13 S2- 13. 2/8
 lclelicollotmoti rct
brok dak o naljon "CPP
"Ths
taka tke Qppopnakr Bampla.
k19s2, Povidssl w ho brok,
Teskt i haf
Ihopoten bnplijceon h i a Xugu
Ond mor
aromcl 19s w
which OcCUed
whch ocuwed h t 198o
Compec to tha Ong
mirco o Undiolaol
otkour. s moteod,portition
claimd by on th nel of P
ncja. ha a hug ons -ms ionpect
1346-7dlhd
gohke GrbP in
tks
Conisqunt, Cvtn valus Gnd
Omd thia
porhtla
1 S . Wi
an
amoAt Cnuit
wiWConit
Smpls wi
Nor
prcha tai(2
repet
qvt,a
ObRevationg. Ths Yel
98
Tab-(2)

Dsa Corepod tu
SamaLength Stotii.,
Mox eld Sttchs

4-11SÅAE

11901 'o0 19S2

704S
1901 S 2 19 20
2.1 1 AB*
19S2 Od
195
1301 6 S 1952 1-22
965- bd 19 72
 nbt
ln 19S2 tUms out to e
noutntbxek olakr
Can,Q e
dlatr S vl o m
brek
RGrmpls Cootdaye
howho
Yom matfeut, 1
Hene e ConOh
Coneluridn 19so-1980
So-1980,
1hat dlnha T pdod 19
to dany ahould
lauz heu shoulMd
ndyqslaesa whu
InpoqLC
hes Ho whet
w ht E
itE
T et iHspresinta. in ues

havs btn, and huulth, eclucao

mot
Rocjs ineyasfaurtue. ,

ayaed e. Joo hnony

Thix Creatod
ets hon any procu
Poc
etr Yt -Ruking
Hot any
obms G hou no be
oblm whiud 1H
tRRtetr
Rhotlol
Rhoulol & to
i o
b. i
whe
n
itt p y n c
Ond nu immadljskr otoyoth
bewelcomisd, imepriva oik
btwtn om
Gnd teeh nfel
TRo TEoporos
baLoxttatorso).
ovih ntd no
eConOmj dovelopnn
The st
ohten diloded by balies
b bolje h
n Indspsndend Sncio 1

whth 3hape
pruyslona
eshjon O concelut
Conwilon wRcOm Thi k
tn Contem péoda the
9 w Conjda Sndje. duu tha oth ent
oaLfhola, T l poit n econDnj oth
cyca 19S e Conlfelou dja Rinca
 1 )
Indaplncdsnes t u
fUm pojo In ecmOni Sowlh

hwa Chca 1980. frd H ckaa the t m

way much moye
poh in o Coy 19 S
Riunturak brak in T Corly 1980%.

h has o lh in po-indephndat
Th
nclja.,on 1150 k 1980, djå hya not
ialil ohten raos od to b
Jumbedy eliphont
om 1980 200s ndja
Retoncd pha
Umy ti Tal
wa no gutt
ha betom The yeaeluat.. thosgha
real

bol ieve
o tronom
Th 20th Cntony, anshorR tnobiyfy
would have
have
roih into auelopmen, which
Condi ion
tio
Unprovmnl-
th th in Conli
nought about nCan

ppl
Odie

Tgca (2003) STnetura Greaka in

Wellak,
Gnd Xtical
Deta Ecoonic
Macvoeconom}
Inlry, Vol.-33, No , pp y312-1; Oteh
(2s).
'
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Grek ntn 3dh
ncdhar
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