Reform and the structure of the Indian economy : output-value added symbiosis / Madhusudan Datta.

Includes bibliographical references and index.

Introduction: the take-off -- Growth and structural change since 1978-79: issues in measurement -- Sectoral shares in Indian GDP: how to regard it? -- Sectoral growth: GVA-output dichotomy -- Manufacturing sector in the Indian economy: paradox of growth and stagnation -- Growth and sectoral GVA adjustments -- Demand for intermediate services -- Linkages and key sectors in the Indian economy -- Conclusion: a perspective of Indian economic growth.

"The Indian economy has traversed a rising growth trajectory since the turn of the 1970s, but economists have observed that growth has come mostly from the service sector. Can the service sector maintain such momentum when manufacturing fails to pick up steam in spite of all reforms aimed at this objective? Reform and the Structure of the Indian Economy studies pitfalls in value added accounting of sectoral growth in the context of liberalization of the Indian economy. Growth of gross value added in a sector can systematically deviate from that of final expenditure (and gross output) ascribable to the sector, while maintaining the broad national accounting identity between the aggregates. Uneven technical progress an the related trend in relative prices play an important trick. This book studies this point in depth, which will be of interest to students of the Indian economy. For an investigation along these lines, input-output transactions tables provide invaluable information. The book discusses at length tricky questions of handling and interpretation of data"-- Provided by publisher.

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