Why India Is Not Quite a Part of the Asian Miracle. (January 2020)

• Record Type: Journal Article
• Authors: Desai, Meghnad
• Other Names: Bhattacharya Prabir guest-editor.; Sato Takahiro guest-editor.
• Is Part Of: Journal of interdisciplinary economics. Volume 32:Number 1(2020)
• Page Start: 8
• Page End: 11
• Publication Date: 2020-01
• Subjects: Asian development -- business policy -- economic thought -- India -- miracle -- religious influence; Economics -- Periodicals; 330.05
• DOI: 10.1177/0260107920904875
• Languages: English
• ISSNs: 0260-1079

Abstract

This paper seeks to explain the low growth trajectory of India vis-a-vis East Asia in a historical and cultural perspective. It is argued that the Indian subcontinent was culturally separated from Buddhism and therefore from an egalitarian social possibility after the first millennium CE. A brief history of Indian economic development since independence is provided in light of the introductory historical account. JEL: N15, O10, O53