Thumbnail Image

India. Policy Decision Analysis Brief

Year of publication 2011

Place of publication Rome, Italy ;

Pages 33 p.

Product type Booklet

Series title FAO Food and Agriculture Policy Decision Analysis FAPDA

Edition 1

Synopsis (short abstract) Economic growth in the Indian economy after independence in 1947 passed through three phases. From 1948 to 1950, the focus of economic policy was on recovering from the dislocations caused by independence from Britain and the partition of India into two states. The first Five Year Plan for economic development was launched in 1951 and the first phase of Indian economic growth started in that year: from 1951 to 1981, real GDP grew at an average rate of 3.5 percent p.a., the “Hindu rate of growth” as Prof Raj Krishna memorably characterised it. From 1981 to 2003, the growth rate of real GDP increased to 5.5 percent following the introduction of economic reforms in the 1980s, followed by another wave of reforms in 1991-92. The third phase of Indian economic growth began in 2004, since when the growth rate of real GDP has averaged 8.3 percent p.a.

Language English

Also available in:
No results found.

Related items

Showing items related by metadata.

  • Thumbnail Image
    Policy brief
    Country Policy Brief: Syrian Arab Republic
    Near East and North Africa Regional Network for Agricultural Policies (NENARNAP)
    2010
    Also available in:
    No results found.
    While the share of agricultural expenditure in the national budget of Syria decreased from 4% in 2007 to 3.04% in 2009, the agricultural sector witnessed the strongest improvement in its growth rate. The plummeting growth rate of the Syrian agricultural sector between 2006 and 2007 started to improve from 2007, and then between 2008 and 2009 it almost recovered from -9% to more than 8% (IMF, 2010). This also meant that the agricultural sector’s contribution to GDP improved by 12% in 2009 (EIU, 2 010). Considering that the ratio of consumer price changes had peaked in Syria during 2008, it is interesting to see how agricultural policies have responded to that challenge. It is also important to envisage any potential changes or development in the agricultural sector in response to gradual but broadly ranged economic reforms, which are expected to bring more diversity and accelerated growth to Syria’s economy (IMF, 2010).
  • Thumbnail Image
    Brochure, flyer, fact-sheet
    Country Policy Review: Lesotho 2012
    Also available in:
    No results found.
    Economic growth in Lesotho, which is based on limited agricultural and pastoral production, light manufacturing consisting of textile, clothing, milling and leather, and remittances from Lesotho mine workers in South Africa, has been on the shrinking in recent years. The global economic crisis has resulted in the declining demand from the shrunken US market of textile exports (in 2009), affecting growth for the country as Lesotho is Africa’s biggest apparel exporter to America, as well as less d emand from the EU for diamonds (Central Bank of Lesotho, May 2010).
  • Thumbnail Image
    Book (stand-alone)
    Review of Social and Economic Developments in the Asia-Pacific Region with Projections to 2010
    Asia-Pacific Forestry Sector Outlook Study Working Paper No: APFSOS/WP/49
    1998
    Also available in:
    No results found.
    This paper analyses historical trends in social and economic developments in the region and provides a commentary on factors which appear to influence growth. The implications of future development for the forestry sector are highlighted. The paper concentrates on two main variables: population and gross domestic product (GDP). It also examines wider issues thought likely to have an effect on the forestry sector, such as population density, income distribution, the structure of economies, develo pment planning, investment, trade and the prominence of the forest sector in the national economy.
Show more

Users also downloaded

Showing related downloaded files

No results found.