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  3. Public Expenditure and Indian Development Policy 1960–70
  • Cited by 17
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    • Publisher:
      Cambridge University Press
      Publication date:
      09 January 2010
      18 June 1981
      ISBN:
      9780511559907
      9780521050029
      DOI:
      https://doi.org/10.1017/CBO9780511559907
      Dimensions:
      Weight & Pages:
      Dimensions:
      (216 x 138 mm)
      Weight & Pages:
      0.383kg, 292 Pages
      • Subjects:
      Economics, Area Studies, South Asian History, Asian Studies, Economic Development and Growth
      Series:
      Cambridge South Asian Studies (25)
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    Subjects:
    Economics, Area Studies, South Asian History, Asian Studies, Economic Development and Growth
    Series:
    Cambridge South Asian Studies (25)
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    Book description

    Of the many different ways in which economists have tried to analyse public expenditure, the most relevant to Indian economic development is that which links the level of public expenditure with the rate at which the state can accumulate capital. The abstract theory of this link, however, must be complemented by a historical account of the degree to which a state accumulation policy was understood by Indian policy makers, and of the other (often inconsistent) elements in the economic strategy of Indian nationalism. After attempting to provide accounts both of the abstract theory and of the institutional and policy context within which it was applied, this book analyses original empirical data on public expenditure in India between 1960 and 1970. The real growth rate of public expenditure, its functional and economic composition at the all-India level are presented, and the strong contrast between the patterns of the first and last five year periods is elucidated. The effect of the 1965-67 droughts and bad harvests in producing this contrast is assessed.

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