by Bishnupriya Gupta (University of Warwick and CAGE)
The full paper of this blog post was published by The Economic History Review and it is available here
Official of the East India Company riding in an Indian procession, watercolour on paper, c. 1825–30; in the Victoria and Albert Museum, London. Available at <https://www.britannica.com/topic/East-India-Company/media/1/176643/162308>
There has been much discussion in recent years about India’s growth failure in the first 30 years after independence in 1947. India became a highly-regulated economy and withdrew from the global market. This led to inefficiency and low growth. The architect of Indian planning –Jawaharlal Nehru, the first prime minister, did not put India on an East Asian path. As a contrast, the last decade of the 20th century has seen a reintegration into the global economy and today India is one of the fastest growing economies.
Any analysis of Indian growth and development that…
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Utopia, you are standing in it! 
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